9,621 Shares in VICI Properties Inc. (NYSE:VICI) Bought by Abacus Planning Group Inc.

Abacus Planning Group Inc. purchased a new stake in VICI Properties Inc. (NYSE:VICI) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,621 shares of the company’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp lifted its holdings in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after buying an additional 8,834 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after acquiring an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its stake in shares of VICI Properties by 40.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after purchasing an additional 130,000 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Finally, Brookstone Capital Management acquired a new stake in VICI Properties during the fourth quarter worth approximately $359,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI stock opened at $30.49 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business has a 50-day simple moving average of $29.60 and a two-hundred day simple moving average of $31.43. The company has a market capitalization of $32.14 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 3.83 and a beta of 0.95. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.67%. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VICI shares. Mizuho cut their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Barclays cut their price objective on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Truist Financial decreased their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.22.

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.