Atria Investments Inc Grows Position in VICI Properties Inc. (NYSE:VICI)

Atria Investments Inc raised its position in VICI Properties Inc. (NYSE:VICI) by 12.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,444 shares of the company’s stock after buying an additional 2,929 shares during the quarter. Atria Investments Inc’s holdings in VICI Properties were worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Quarry LP increased its holdings in shares of VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares during the period. UMB Bank n.a. raised its holdings in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its stake in shares of VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after buying an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VICI Properties during the second quarter worth about $43,000. Finally, Rothschild Investment LLC acquired a new position in VICI Properties in the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $31.67 on Monday. The firm’s fifty day simple moving average is $32.58 and its 200-day simple moving average is $30.91. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market cap of $33.39 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 4.20 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.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio is presently 64.07%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VICI. JMP Securities lifted their target price on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Mizuho lowered their price objective 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. Evercore ISI boosted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, VICI Properties 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.