Brookstone Capital Management Purchases New Position in VICI Properties Inc. (NYSE:VICI)

Brookstone Capital Management purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,295 shares of the company's stock, valued at approximately $359,000.

A number of other hedge funds have also modified their holdings of VICI. Quarry LP raised its holdings in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company's stock valued at $32,000 after acquiring an additional 999 shares during the period. Continuum Advisory LLC raised its stake in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after purchasing an additional 374 shares during the period. UMB Bank n.a. boosted its stake in VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company's stock worth $63,000 after purchasing an additional 512 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock valued at $65,000 after buying an additional 1,630 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of VICI Properties in the third quarter worth $67,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Up 0.3 %

NYSE:VICI traded up $0.08 during mid-day trading on Friday, hitting $29.36. 10,796,162 shares of the stock traded hands, compared to its average volume of 5,733,146. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The stock has a market capitalization of $30.95 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 3.60 and a beta of 0.94. The firm's 50 day moving average is $30.48 and its two-hundred day moving average is $31.42.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.89%. VICI Properties's payout ratio is 64.07%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on VICI shares. Mizuho reduced their price target on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Barclays started coverage on VICI Properties in a research report on Friday, January 10th. They issued an "overweight" rating and a $36.00 target price on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Truist Financial lowered their target price on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.33.

VICI Properties 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.