Ibex Wealth Advisors acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 164,446 shares of the company's stock, valued at approximately $4,803,000.
A number of other large investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in shares of VICI Properties by 24.9% in the second quarter. The Manufacturers Life Insurance Company now owns 931,814 shares of the company's stock worth $26,687,000 after purchasing an additional 186,039 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of VICI Properties by 3.5% in the second quarter. Mackenzie Financial Corp now owns 134,167 shares of the company's stock worth $3,843,000 after purchasing an additional 4,539 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of VICI Properties by 107.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,588 shares of the company's stock worth $332,000 after purchasing an additional 5,990 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of VICI Properties by 7,362.0% in the second quarter. Sunbelt Securities Inc. now owns 12,163 shares of the company's stock worth $348,000 after acquiring an additional 12,000 shares during the period. Finally, Quarry LP grew its holdings in shares of VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company's stock worth $32,000 after acquiring an additional 999 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.
VICI Properties Trading Up 0.5 %
VICI stock traded up $0.16 during midday trading on Thursday, reaching $29.80. 5,734,695 shares of the company traded hands, compared to its average volume of 7,173,757. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business has a 50 day moving average of $30.19 and a 200-day moving average of $31.51. The firm has a market capitalization of $31.41 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 3.76 and a beta of 0.94.
VICI Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.81%. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.
Analysts Set New Price Targets
Several brokerages recently commented on VICI. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday. Mizuho cut their price objective on VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays initiated coverage on VICI Properties in a report on Friday, January 10th. They set an "overweight" rating and a $36.00 price target for the company. Finally, Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and a consensus target price of $34.33.
View Our Latest Research Report on VICI Properties
About VICI Properties
(
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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