Sanctuary Advisors LLC Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

Sanctuary Advisors LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 116.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,994 shares of the company's stock after acquiring an additional 66,700 shares during the quarter. Sanctuary Advisors LLC's holdings in VICI Properties were worth $3,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quarry LP raised its stake in VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company's stock valued at $32,000 after purchasing an additional 999 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of 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. boosted its position 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 acquiring an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in VICI Properties in the 2nd quarter worth approximately $43,000. Finally, Rothschild Investment LLC acquired a new position in VICI Properties in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Down 2.8 %

VICI traded down $0.88 on Tuesday, reaching $30.05. 8,298,647 shares of the company's stock were exchanged, compared to its average volume of 5,608,942. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company's 50 day moving average is $32.03 and its 200-day moving average is $31.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company has a market cap of $31.68 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 4.12 and a beta of 0.93.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VICI. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a report on Tuesday. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research note on Wednesday, December 11th. Mizuho dropped their price objective on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, November 14th. Evercore ISI raised their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $34.67.

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.