Ashford Capital Management Inc. Has $6.62 Million Stake in VICI Properties Inc. (NYSE:VICI)

Ashford Capital Management Inc. lifted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 43.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,810 shares of the company's stock after acquiring an additional 60,300 shares during the period. Ashford Capital Management Inc.'s holdings in VICI Properties were worth $6,622,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock valued at $297,685,000 after purchasing an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC grew its position in shares of VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock worth $73,927,000 after acquiring an additional 1,744,939 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in VICI Properties by 101.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company's stock valued at $98,910,000 after purchasing an additional 1,739,147 shares during the period. Hsbc Holdings PLC grew its position in VICI Properties by 35.5% in the 2nd quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company's stock worth $129,321,000 after purchasing an additional 1,185,463 shares during the last quarter. Finally, State Street Corp increased its stake in shares of VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company's stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Price Performance

NYSE:VICI traded down $0.32 during trading hours on Tuesday, reaching $31.44. 4,536,272 shares of the company's stock were exchanged, compared to its average volume of 5,622,887. 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 $33.14 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The business's 50-day simple moving average is $32.17 and its two-hundred day simple moving average is $31.20.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date is Tuesday, December 17th. VICI Properties's payout ratio is 64.07%.

Analysts Set New Price Targets

VICI has been the topic of several analyst reports. Evercore ISI raised their target price on VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. 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. JMP Securities raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company a "market outperform" rating in a research note on Friday, November 1st. Finally, Mizuho reduced their price target on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

About VICI Properties

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.