Walker Asset Management LLC Purchases 600 Shares of VICI Properties Inc. (NYSE:VICI)

Walker Asset Management LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,137 shares of the company’s stock after acquiring an additional 600 shares during the quarter. Walker Asset Management LLC’s holdings in VICI Properties were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VICI. Quarry LP raised its stake in shares of VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares during the period. Continuum Advisory LLC raised its position in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares in the last quarter. UMB Bank n.a. boosted its position in shares of VICI Properties by 37.4% during 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 during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of 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. Finally, Harbor Capital Advisors Inc. bought a new position in shares of VICI Properties during the 3rd quarter valued at about $67,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

VICI stock opened at $29.36 on Friday. The company has a market cap of $30.95 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 3.60 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock’s fifty day moving average price is $30.48 and its 200-day moving average price is $31.39. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Wednesday, December 11th. Barclays began coverage on shares of VICI Properties in a report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective for the company. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company restated an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $34.33.

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.