Spirit of America Management Corp NY Has $2.84 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Spirit of America Management Corp NY decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 5.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,370 shares of the company’s stock after selling 5,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in VICI Properties were worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in VICI Properties by 15.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 29,188 shares of the company’s stock valued at $972,000 after buying an additional 3,864 shares during the period. Walker Asset Management LLC acquired a new position in shares of VICI Properties in the third quarter worth $251,000. International Assets Investment Management LLC raised its holdings in shares of VICI Properties by 4,877.4% during the third quarter. International Assets Investment Management LLC now owns 247,427 shares of the company’s stock worth $8,242,000 after acquiring an additional 242,456 shares in the last quarter. Courier Capital LLC boosted its position in VICI Properties by 5.5% during the third quarter. Courier Capital LLC now owns 23,260 shares of the company’s stock valued at $775,000 after purchasing an additional 1,217 shares during the last quarter. Finally, Greenleaf Trust grew its stake in VICI Properties by 5.0% in the third quarter. Greenleaf Trust now owns 14,119 shares of the company’s stock valued at $470,000 after purchasing an additional 669 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VICI shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI raised their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Price Performance

NYSE VICI opened at $32.81 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $34.23 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 5.15 and a beta of 0.93. The company has a 50 day moving average price of $32.99 and a two-hundred day moving average price of $30.51. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.29.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a $0.4325 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.27%. VICI Properties’s dividend payout ratio (DPR) is currently 68.38%.

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.