Synergy Asset Management LLC Has $6.25 Million Stock Position in VICI Properties Inc. $VICI

Synergy Asset Management LLC grew its holdings in VICI Properties Inc. (NYSE:VICI) by 10.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 235,352 shares of the company’s stock after acquiring an additional 22,288 shares during the quarter. Synergy Asset Management LLC’s holdings in VICI Properties were worth $6,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in VICI Properties by 4.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 263,618 shares of the company’s stock worth $6,999,000 after purchasing an additional 11,723 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of VICI Properties by 2.1% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 417,494 shares of the company’s stock worth $11,084,000 after purchasing an additional 8,422 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of VICI Properties by 3.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 33,596 shares of the company’s stock worth $892,000 after purchasing an additional 1,083 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of VICI Properties by 5.6% during the second quarter. Sound Income Strategies LLC now owns 726,738 shares of the company’s stock worth $19,295,000 after purchasing an additional 38,567 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of VICI Properties by 73.2% during the second quarter. IFP Advisors Inc now owns 10,001 shares of the company’s stock worth $266,000 after purchasing an additional 4,226 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $26.34 on Friday. The company’s 50 day simple moving average is $26.80 and its 200 day simple moving average is $27.92. The stock has a market capitalization of $29.00 billion, a price-to-earnings 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 Inc. has a 1 year low of $25.82 and a 1 year high of $33.92.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Robert W. Baird set a $32.00 price target on VICI Properties in a research report on Thursday, July 30th. Raymond James Financial set a $29.00 price objective on VICI Properties in a report on Thursday. Barclays reduced their target price on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Scotiabank decreased their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Finally, Morgan Stanley dropped their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.29.

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.