Verity & Verity LLC Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

Verity & Verity LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 499,056 shares of the company's stock after buying an additional 71,879 shares during the period. Verity & Verity LLC's holdings in VICI Properties were worth $14,577,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP lifted its stake in shares of VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company's stock valued at $32,000 after buying an additional 999 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after buying an additional 374 shares in the last quarter. UMB Bank n.a. boosted its position in shares of VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company's stock valued at $63,000 after acquiring an additional 512 shares during the period. Brown Brothers Harriman & Co. grew its stake in VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock valued at $65,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in VICI Properties during the 3rd quarter worth approximately $67,000. Institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VICI shares. Barclays assumed coverage on shares of VICI Properties in a report on Friday, January 10th. They issued an "overweight" rating and a $36.00 price target on the stock. JMP Securities reiterated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th. Mizuho decreased their price objective on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, KeyCorp restated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.33.

VICI Properties Trading Up 0.3 %

Shares of VICI Properties stock traded up $0.08 during trading on Friday, reaching $29.36. The company's stock had a trading volume of 10,796,162 shares, compared to its average volume of 5,733,146. The company has a market cap of $30.95 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 3.60 and a beta of 0.94. The firm's 50-day moving average is $30.48 and its two-hundred day moving average is $31.42. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.89%. 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.