Integrated Wealth Concepts LLC Acquires 22,119 Shares of VICI Properties Inc. (NYSE:VICI)

Integrated Wealth Concepts LLC raised its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 138.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 38,123 shares of the company's stock after purchasing an additional 22,119 shares during the period. Integrated Wealth Concepts LLC's holdings in VICI Properties were worth $1,270,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of VICI. Carmel Capital Partners LLC increased its position in VICI Properties by 1.0% in the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company's stock worth $1,177,000 after buying an additional 367 shares during the last quarter. Montag A & Associates Inc. increased its stake in VICI Properties by 3.3% in the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company's stock worth $357,000 after acquiring an additional 389 shares during the last quarter. MAS Advisors LLC boosted its position in shares of VICI Properties by 2.8% during the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company's stock valued at $422,000 after acquiring an additional 398 shares during the last quarter. Insight Folios Inc grew its holdings in shares of VICI Properties by 2.5% during the third quarter. Insight Folios Inc now owns 18,035 shares of the company's stock worth $601,000 after purchasing an additional 433 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in VICI Properties by 23.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company's stock valued at $78,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JMP Securities increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Mizuho lowered their price target on VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Thursday, November 14th. Wells Fargo & Company restated an "overweight" rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, Evercore ISI lifted their price target 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and a consensus target price of $34.00.

VICI Properties Trading Up 0.5 %

Shares of VICI traded up $0.15 during trading hours on Monday, reaching $31.80. 2,269,680 shares of the company traded hands, compared to its average volume of 5,611,987. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company's fifty day moving average price is $32.21 and its two-hundred day moving average price is $31.18. The company has a market capitalization of $33.52 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Tuesday, December 17th. VICI Properties's payout ratio is presently 64.07%.

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.