Monument Capital Management Acquires Shares of 21,106 VICI Properties Inc. $VICI

Monument Capital Management bought a new position in VICI Properties Inc. (NYSE:VICI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,106 shares of the company’s stock, valued at approximately $560,000.

A number of other institutional investors have also modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of VICI Properties by 2.7% in the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after buying an additional 734,068 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of VICI Properties by 24.9% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock valued at $198,619,000 after buying an additional 1,406,897 shares during the period. Wilsey Asset Management Inc. increased its stake in shares of VICI Properties by 6.4% during the first quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock valued at $30,092,000 after buying an additional 65,853 shares during the period. Gabelli Funds LLC raised its holdings in shares of VICI Properties by 19.4% in the first quarter. Gabelli Funds LLC now owns 262,124 shares of the company’s stock valued at $7,161,000 after acquiring an additional 42,662 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd raised its holdings in shares of VICI Properties by 26.1% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 725,000 shares of the company’s stock valued at $20,424,000 after acquiring an additional 150,000 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VICI has been the topic of several recent research reports. Royal Bank Of Canada began coverage on shares of VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price on the stock. Morgan Stanley reduced their price target on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a research report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Finally, Scotiabank cut their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.29.

VICI Properties Price Performance

Shares of VICI stock opened at $26.34 on Friday. VICI Properties Inc. has a 1-year low of $25.82 and a 1-year high of $33.92. The stock’s 50-day moving average is $26.80 and its 200 day moving average is $27.92. The company has a market cap of $29.00 billion, a P/E ratio of 10.21 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.8%. VICI Properties’s dividend payout ratio is presently 69.77%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.