Modus Advisors LLC Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Modus Advisors LLC purchased a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 77,412 shares of the company's stock, valued at approximately $2,261,000.

Several other institutional investors have also recently made changes to their positions in VICI. Carmel Capital Partners LLC grew its position in VICI Properties by 1.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company's stock valued at $1,177,000 after purchasing an additional 367 shares during the period. Continuum Advisory LLC grew its holdings in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after buying an additional 374 shares during the last quarter. MAS Advisors LLC increased its position in shares of VICI Properties by 2.8% during the second quarter. MAS Advisors LLC now owns 14,745 shares of the company's stock worth $422,000 after acquiring an additional 398 shares in the last quarter. Insight Folios Inc raised its holdings in shares of VICI Properties by 2.5% in the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company's stock worth $601,000 after acquiring an additional 433 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in VICI Properties by 23.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company's stock valued at $78,000 after acquiring an additional 442 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VICI shares. JMP Securities reissued a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Wednesday, December 11th. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Wells Fargo & Company restated an "overweight" rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI upped their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Finally, Mizuho dropped their price target on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $34.43.

VICI Properties Stock Performance

Shares of NYSE:VICI traded up $0.47 during midday trading on Friday, reaching $29.46. The company had a trading volume of 6,151,492 shares, compared to its average volume of 5,892,996. The stock has a market cap of $31.06 billion, a P/E ratio of 10.91, a P/E/G ratio of 4.12 and a beta of 0.93. The company's 50 day moving average price is $31.04 and its 200 day moving average price is $31.34. The company has a current ratio of 2.61, a quick 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.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties's payout ratio is 64.07%.

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.