Braun Stacey Associates Inc. Has $22.24 Million Position in VICI Properties Inc. (NYSE:VICI)

Braun Stacey Associates Inc. raised its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 667,649 shares of the company's stock after buying an additional 20,950 shares during the quarter. Braun Stacey Associates Inc. owned about 0.06% of VICI Properties worth $22,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quarry LP grew 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 purchasing an additional 999 shares during the period. UMB Bank n.a. raised its stake in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company's stock worth $39,000 after buying an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its holdings in VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock worth $40,000 after acquiring an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties in the second quarter worth about $43,000. Finally, Rothschild Investment LLC acquired a new stake in shares of VICI Properties during the second quarter worth about $47,000. 97.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on VICI shares. Wells Fargo & Company restated an "overweight" rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI lifted 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. JMP Securities upped their price target on VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Finally, Mizuho reduced their target price on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.22.

VICI Properties Stock Performance

Shares of VICI traded up $0.23 during midday trading on Monday, reaching $31.90. The stock had a trading volume of 2,031,975 shares, compared to its average volume of 5,692,643. The firm has a market cap of $33.63 billion, a PE ratio of 11.71, a P/E/G ratio of 4.20 and a beta of 0.94. The firm has a 50 day simple moving average of $32.58 and a 200-day simple moving average of $30.91. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend was Wednesday, September 18th. This is an increase from VICI Properties's previous quarterly dividend of $0.42. 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.