Stifel Financial Corp Purchases 98,918 Shares of VICI Properties Inc. (NYSE:VICI)

Stifel Financial Corp grew its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 907,664 shares of the company's stock after purchasing an additional 98,918 shares during the period. Stifel Financial Corp owned about 0.09% of VICI Properties worth $30,234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VICI. Quarry LP boosted its position in 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 purchasing an additional 999 shares during the last quarter. UMB Bank n.a. grew its position in VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company's stock valued at $39,000 after buying an additional 982 shares during the period. Carmichael Hill & Associates Inc. increased its holdings in VICI Properties by 363.2% during the second 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 last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VICI Properties in the second quarter worth about $43,000. Finally, Rothschild Investment LLC bought a new stake in shares of VICI Properties in the 2nd quarter worth approximately $47,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI Properties stock remained flat at $31.65 during trading on Friday. 4,069,284 shares of the stock traded hands, compared to its average volume of 4,547,312. The stock has a market capitalization of $33.36 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The company's 50 day moving average price is $32.21 and its 200-day moving average price is $31.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.4325 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.47%. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.

Analysts Set New Price Targets

A number of research firms have issued reports on VICI. Wells Fargo & Company reissued an "overweight" rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Mizuho dropped their price objective on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Thursday, November 14th. JMP Securities lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a research note on Friday, November 1st. Finally, Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Two 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $34.22.

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.