Modus Advisors LLC Makes New $2.26 Million Investment in VICI Properties Inc. (NYSE:VICI)

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

Several other institutional investors and hedge funds have also modified their holdings of VICI. Quarry LP raised its stake 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 purchasing an additional 999 shares during the period. Rothschild Investment LLC acquired a new stake in VICI Properties in the 2nd quarter valued at approximately $47,000. Continuum Advisory LLC raised its position in VICI Properties by 30.5% in the 3rd 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 stake in VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after acquiring an additional 512 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VICI. Wedbush raised VICI Properties from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $34.00 to $33.00 in a research report on Thursday. JMP Securities reissued a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Mizuho cut their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, November 14th. Finally, Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.43.

VICI Properties Price Performance

Shares of VICI Properties stock traded up $0.13 during midday trading on Friday, hitting $29.12. 819,067 shares of the company traded hands, compared to its average volume of 3,075,389. The stock 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 debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm’s fifty day moving average price is $31.09 and its 200-day moving average price is $31.33. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders 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 (DPR) is currently 64.07%.

About VICI Properties

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.