Caprock Group LLC increased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 78.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,450 shares of the company's stock after purchasing an additional 36,717 shares during the period. Caprock Group LLC's holdings in VICI Properties were worth $2,818,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Quarry LP grew its stake in shares of VICI Properties by 780.5% in the 2nd 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 last quarter. UMB Bank n.a. lifted its position in VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company's stock valued at $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. increased its position in VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock worth $40,000 after purchasing an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VICI Properties in the 2nd quarter valued at approximately $43,000. Finally, Rothschild Investment LLC acquired a new position in VICI Properties during the second quarter worth $47,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
VICI has been the subject of a number of research analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. JMP Securities raised 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. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Finally, Mizuho cut their target price on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $34.22.
View Our Latest Stock Report on VICI Properties
VICI Properties Stock Performance
VICI stock traded down $0.10 during trading on Wednesday, reaching $32.12. 2,400,417 shares of the stock were exchanged, compared to its average volume of 5,686,390. The company has a market capitalization of $33.86 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 4.20 and a beta of 0.94. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The stock has a 50 day simple moving average of $32.47 and a 200-day simple moving average of $30.97. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.39%. This is a boost from VICI Properties's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties's dividend payout ratio is currently 64.07%.
VICI Properties Profile
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Free Report)
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.
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