Core Alternative Capital Purchases Shares of 111,578 VICI Properties Inc. (NYSE:VICI)

Core Alternative Capital bought a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 111,578 shares of the company's stock, valued at approximately $3,259,000.

Other large investors also recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. raised its stake in VICI Properties by 14.3% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 20,670 shares of the company's stock worth $604,000 after purchasing an additional 2,581 shares in the last quarter. Wilsey Asset Management Inc. increased its holdings in shares of VICI Properties by 3.3% during the fourth quarter. Wilsey Asset Management Inc. now owns 940,416 shares of the company's stock worth $27,470,000 after purchasing an additional 30,095 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of VICI Properties by 67.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 33,395 shares of the company's stock valued at $975,000 after buying an additional 13,491 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of VICI Properties by 57.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 5,876 shares of the company's stock valued at $172,000 after buying an additional 2,138 shares during the period. Finally, Apollon Wealth Management LLC grew its position in VICI Properties by 30.0% during the fourth quarter. Apollon Wealth Management LLC now owns 14,890 shares of the company's stock worth $435,000 after buying an additional 3,438 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

VICI stock traded down $0.04 during trading on Friday, reaching $30.39. 4,790,992 shares of the company were exchanged, compared to its average volume of 6,395,699. The company has a market capitalization of $32.04 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 3.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a 50-day moving average of $29.66 and a two-hundred day moving average of $31.45. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.69%. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.

Analysts Set New Price Targets

VICI has been the subject of a number of recent analyst reports. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Barclays decreased their target price on shares of VICI Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Mizuho cut their price target on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Finally, Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.22.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.