Miracle Mile Advisors LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,018 shares of the company's stock, valued at approximately $263,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in VICI Properties by 2.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,147,429 shares of the company's stock worth $32,862,000 after acquiring an additional 22,200 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in VICI Properties by 5.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 97,367 shares of the company's stock worth $2,789,000 after buying an additional 5,362 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of VICI Properties by 8.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 70,846 shares of the company's stock valued at $2,021,000 after buying an additional 5,366 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of VICI Properties by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 70,142 shares of the company's stock worth $2,009,000 after acquiring an additional 826 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its position in VICI Properties by 8.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 102,580 shares of the company's stock worth $2,938,000 after acquiring an additional 8,053 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently weighed in on the company. JMP Securities restated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Truist Financial cut their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.33.
Read Our Latest Analysis on VICI
VICI Properties Price Performance
Shares of VICI Properties stock traded up $0.08 during trading hours on Friday, reaching $29.36. The company's stock had a trading volume of 10,796,114 shares, compared to its average volume of 7,931,448. The firm has a 50 day moving average price of $30.52 and a 200-day moving average price of $31.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The stock has a market cap of $30.95 billion, a P/E ratio of 10.87, a P/E/G ratio of 3.60 and a beta of 0.94.
VICI Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.89%. VICI Properties's dividend payout ratio (DPR) is presently 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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