CHURCHILL MANAGEMENT Corp raised its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 311,653 shares of the company's stock after purchasing an additional 8,834 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in VICI Properties were worth $9,103,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Quarry LP lifted its position in shares of 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 period. Continuum Advisory LLC lifted its holdings in VICI Properties by 30.5% during 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 during the period. UMB Bank n.a. boosted its position in VICI Properties by 37.4% during the 3rd 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 in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of VICI Properties by 512.6% in the 3rd 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 during the period. Finally, Harbor Capital Advisors Inc. bought a new position in shares of VICI Properties in the 3rd quarter worth $67,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
VICI Properties Stock Performance
VICI Properties stock traded up $0.51 during mid-day trading on Thursday, reaching $29.27. 4,811,603 shares of the company traded hands, compared to its average volume of 7,644,968. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm's fifty day moving average is $30.52 and its two-hundred day moving average is $31.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $30.86 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 3.60 and a beta of 0.94.
VICI Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.91%. VICI Properties's dividend payout ratio (DPR) is 64.07%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on VICI shares. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Truist Financial decreased their price target 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. Mizuho cut 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. Barclays began coverage on shares of VICI Properties in a research report on Friday, January 10th. They set an "overweight" rating and a $36.00 target price for the company. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $34.33.
Get Our Latest Stock Analysis on VICI Properties
VICI Properties Company Profile
(
Free Report)
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.
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