77,412 Shares in VICI Properties Inc. (NYSE:VICI) Acquired by Modus Advisors LLC

Modus Advisors LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 77,412 shares of the company’s stock, valued at approximately $2,261,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after purchasing an additional 7,658,819 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after acquiring an additional 1,744,939 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of VICI Properties by 101.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock valued at $98,910,000 after acquiring an additional 1,739,147 shares in the last quarter. Hsbc Holdings PLC lifted its stake in VICI Properties by 35.5% during the second quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock worth $129,321,000 after purchasing an additional 1,185,463 shares during the last quarter. Finally, State Street Corp increased its stake in VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wedbush raised shares of VICI Properties from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $34.00 to $33.00 in a report on Thursday. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th. Finally, Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.43.

VICI Properties Stock Performance

VICI Properties stock traded up $0.13 during mid-day trading on Friday, reaching $29.12. The company had a trading volume of 819,067 shares, compared to its average volume of 3,075,389. The company has a 50 day moving average of $31.09 and a 200-day moving average of $31.33. The firm has a market cap of $30.70 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 4.12 and a beta of 0.93. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Dividend Announcement

The company 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. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.94%. VICI Properties’s dividend payout ratio is currently 64.07%.

VICI Properties 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.