Stansberry Asset Management LLC Buys 123,626 Shares of VICI Properties Inc. (NYSE:VICI)

Stansberry Asset Management LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 332.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,868 shares of the company's stock after buying an additional 123,626 shares during the quarter. Stansberry Asset Management LLC's holdings in VICI Properties were worth $5,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in VICI. Quarry LP lifted its holdings in VICI Properties by 780.5% in the 2nd 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 holdings in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company's stock worth $39,000 after purchasing an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. increased its position in VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock worth $40,000 after buying an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in VICI Properties in the 2nd quarter worth approximately $43,000. Finally, Rothschild Investment LLC bought a new position in VICI Properties in the 2nd quarter worth approximately $47,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VICI. JMP Securities lifted 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 lifted their price target on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. 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 report on Tuesday, October 1st. Finally, Mizuho dropped 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. 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.com, VICI Properties presently has a consensus rating of "Moderate Buy" and an average price target of $34.22.

VICI Properties Trading Down 0.4 %

Shares of VICI traded down $0.13 during trading hours on Thursday, hitting $31.64. 3,282,085 shares of the stock traded hands, compared to its average volume of 5,633,185. The business has a fifty day moving average of $32.26 and a 200-day moving average of $31.15. The firm has a market capitalization of $33.35 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93. 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 Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.47%. 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.