Empirical Asset Management LLC Buys Shares of 39,066 VICI Properties Inc. (NYSE:VICI)

Empirical Asset Management LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,066 shares of the company's stock, valued at approximately $1,141,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Steph & Co. raised its stake in VICI Properties by 5.4% during the 4th quarter. Steph & Co. now owns 20,539 shares of the company's stock valued at $600,000 after acquiring an additional 1,056 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in shares of VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock valued at $9,103,000 after purchasing an additional 8,834 shares in the last quarter. Park Avenue Securities LLC grew its position in VICI Properties by 14.4% in the 4th quarter. Park Avenue Securities LLC now owns 23,298 shares of the company's stock valued at $681,000 after buying an additional 2,924 shares in the last quarter. Wright Investors Service Inc. increased its stake in VICI Properties by 0.7% during the 4th quarter. Wright Investors Service Inc. now owns 73,031 shares of the company's stock valued at $2,133,000 after buying an additional 485 shares during the period. Finally, Courier Capital LLC raised its position in shares of VICI Properties by 4.8% during the 4th quarter. Courier Capital LLC now owns 24,367 shares of the company's stock worth $712,000 after buying an additional 1,107 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on VICI. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays assumed coverage on VICI Properties in a research note on Friday, January 10th. They issued an "overweight" rating and a $36.00 price objective on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research note on Wednesday, December 11th. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $34.33.

VICI Properties Trading Up 0.3 %

Shares of VICI Properties stock traded up $0.08 during trading on Friday, hitting $29.36. The stock had a trading volume of 10,796,162 shares, compared to its average volume of 5,733,146. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a 50 day simple moving average of $30.48 and a 200 day simple moving average of $31.44. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $30.95 billion, a PE ratio of 10.87, a P/E/G ratio of 3.60 and a beta of 0.94.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.89%. The ex-dividend date was Tuesday, December 17th. VICI Properties's dividend payout ratio (DPR) is currently 64.07%.

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.