Assetmark Inc. Raises Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Assetmark Inc. increased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,989,259 shares of the company's stock after purchasing an additional 40,602 shares during the quarter. Assetmark Inc. owned approximately 0.19% of VICI Properties worth $66,262,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Duality Advisers LP purchased a new stake in VICI Properties in the first quarter valued at approximately $405,000. Envestnet Portfolio Solutions Inc. lifted its stake in VICI Properties by 21.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 45,271 shares of the company's stock valued at $1,349,000 after buying an additional 7,938 shares during the last quarter. Forsta AP Fonden lifted its stake in VICI Properties by 48.9% in the first quarter. Forsta AP Fonden now owns 318,900 shares of the company's stock valued at $9,500,000 after buying an additional 104,800 shares during the last quarter. Fore Capital LLC acquired a new position in shares of VICI Properties in the first quarter valued at approximately $1,341,000. Finally, Sei Investments Co. increased its holdings in shares of VICI Properties by 12.7% in the first quarter. Sei Investments Co. now owns 3,597,685 shares of the company's stock valued at $107,175,000 after purchasing an additional 405,983 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

VICI stock traded up $0.46 on Friday, reaching $31.39. 4,396,142 shares of the company's stock were exchanged, compared to its average volume of 5,701,609. The stock has a fifty day moving average of $32.80 and a 200-day moving average of $30.79. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The firm has a market cap of $33.09 billion, a PE ratio of 11.63, a P/E/G ratio of 4.75 and a beta of 0.94. 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders 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 5.51%. This is an increase from VICI Properties's previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. VICI Properties's payout ratio is presently 64.07%.

Wall Street Analysts Forecast Growth

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

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.