Van ECK Associates Corp Acquires 25,991 Shares of VICI Properties Inc. (NYSE:VICI)

Van ECK Associates Corp increased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 561,868 shares of the company's stock after purchasing an additional 25,991 shares during the quarter. Van ECK Associates Corp owned approximately 0.05% of VICI Properties worth $18,452,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quarry LP boosted its holdings in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company's stock worth $32,000 after purchasing an additional 999 shares during the last quarter. UMB Bank n.a. lifted its stake 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 acquiring an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its stake in VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock valued at $40,000 after acquiring an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in VICI Properties in the second quarter valued at $43,000. Finally, Rothschild Investment LLC acquired a new stake in VICI Properties in the second quarter valued at $47,000. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on VICI. JMP Securities increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company a "market outperform" rating in a research note on Friday. Wells Fargo & Company reiterated an "overweight" rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Evercore ISI increased their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.11.

VICI Properties Stock Performance

Shares of VICI traded up $0.33 during trading hours on Tuesday, hitting $32.02. The company had a trading volume of 3,327,748 shares, compared to its average volume of 5,693,063. The firm has a market cap of $33.75 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 4.94 and a beta of 0.94. The business has a fifty day moving average of $32.93 and a 200-day moving average of $30.76. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors 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 5.40%. This is a positive change 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 (DPR) is currently 64.07%.

VICI Properties 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.