Greenleaf Trust Grows Position in VICI Properties Inc. (NYSE:VICI)

Greenleaf Trust grew its stake in VICI Properties Inc. (NYSE:VICI) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,119 shares of the company’s stock after buying an additional 669 shares during the quarter. Greenleaf Trust’s holdings in VICI Properties were worth $470,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VICI. Lecap Asset Management Ltd. increased its holdings in VICI Properties by 647.5% in the 3rd quarter. Lecap Asset Management Ltd. now owns 72,450 shares of the company’s stock worth $2,413,000 after acquiring an additional 62,758 shares in the last quarter. LDR Capital Management LLC increased its stake in shares of VICI Properties by 69.3% in the third quarter. LDR Capital Management LLC now owns 95,768 shares of the company’s stock worth $3,190,000 after purchasing an additional 39,199 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of VICI Properties by 1,774.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,343 shares of the company’s stock valued at $78,000 after purchasing an additional 2,218 shares during the period. Border to Coast Pensions Partnership Ltd purchased a new position in shares of VICI Properties during the 3rd quarter valued at $10,794,000. Finally, Blue Trust Inc. boosted its holdings in VICI Properties by 103.9% in the 3rd quarter. Blue Trust Inc. now owns 3,526 shares of the company’s stock worth $117,000 after buying an additional 1,797 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the topic of several research analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Evercore ISI upped their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

VICI Properties Stock Performance

NYSE VICI opened at $32.10 on Friday. The stock has a market capitalization of $33.49 billion, a PE ratio of 12.69, a P/E/G ratio of 5.15 and a beta of 0.93. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.29. The business has a 50 day simple moving average of $33.00 and a two-hundred day simple moving average of $30.52. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is currently 68.38%.

VICI Properties Company 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.