VICI Properties Inc. (NYSE:VICI) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 15.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 237,250 shares of the company's stock after buying an additional 32,625 shares during the quarter. Tectonic Advisors LLC's holdings in VICI Properties were worth $6,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp increased its holdings in VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock valued at $9,103,000 after acquiring an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of VICI Properties by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company's stock worth $18,268,000 after purchasing an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd raised its position in shares of VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock worth $13,282,000 after purchasing an additional 130,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock valued at $393,847,000 after buying an additional 770,195 shares in the last quarter. Finally, Brookstone Capital Management acquired a new stake in VICI Properties during the 4th quarter valued at $359,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Mizuho reduced their target price on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Barclays decreased their price target on shares of VICI Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, VICI Properties currently has an average rating of "Moderate Buy" and an average target price of $34.22.

VICI Properties Trading Down 0.0 %

NYSE:VICI traded down $0.01 during trading hours on Friday, reaching $30.12. 5,781,217 shares of the company were exchanged, compared to its average volume of 5,728,878. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The stock has a 50 day simple moving average of $29.83 and a 200 day simple moving average of $31.47. The firm has a market cap of $31.76 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 3.80 and a beta of 0.95. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties's dividend payout ratio (DPR) 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.