Independent Advisor Alliance Has $417,000 Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Independent Advisor Alliance decreased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,510 shares of the company’s stock after selling 522 shares during the period. Independent Advisor Alliance’s holdings in VICI Properties were worth $417,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of VICI. Dimensional Fund Advisors LP grew its position in shares of VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after purchasing an additional 201,899 shares during the last quarter. Legal & General Group Plc grew its holdings in VICI Properties by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock valued at $413,163,000 after buying an additional 251,313 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in VICI Properties by 6.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock valued at $345,530,000 after buying an additional 751,078 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after buying an additional 770,195 shares in the last quarter. Finally, Boston Partners boosted its position in shares of VICI Properties by 35.8% in the first quarter. Boston Partners now owns 8,631,164 shares of the company’s stock valued at $257,094,000 after acquiring an additional 2,275,381 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 0.7 %

NYSE VICI opened at $32.60 on Friday. The business has a fifty day moving average price of $32.35 and a two-hundred day moving average price of $31.08. The stock has a market capitalization of $34.37 billion, a PE ratio of 12.07, a PEG ratio of 4.31 and a beta of 0.94. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio is currently 64.07%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VICI. Mizuho lowered their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report 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 report on Monday, September 16th. JMP Securities lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company reissued 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 research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.22.

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.