Verity & Verity LLC Grows Position in VICI Properties Inc. (NYSE:VICI)

Verity & Verity LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 16.8% during the fourth quarter, HoldingsChannel reports. The firm owned 499,056 shares of the company’s stock after purchasing an additional 71,879 shares during the period. Verity & Verity LLC’s holdings in VICI Properties were worth $14,577,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Quarry LP lifted its stake in shares of VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares during the last quarter. UMB Bank n.a. lifted its position in shares of VICI Properties by 37.4% during the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after buying an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after buying an additional 1,630 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of VICI Properties in the 3rd quarter worth approximately $67,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.3 %

VICI Properties stock opened at $29.36 on Friday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a market cap of $30.95 billion, a PE ratio of 10.87, a PEG ratio of 3.60 and a beta of 0.94. 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’s 50-day simple moving average is $30.48 and its two-hundred day simple moving average is $31.39.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.89%. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Barclays assumed coverage on VICI Properties in a research note on Friday, January 10th. They issued an “overweight” rating and a $36.00 price target for the company. Finally, JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $34.33.

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.