Secure Asset Management LLC Purchases 5,818 Shares of VICI Properties Inc. (NYSE:VICI)

Secure Asset Management LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 11.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 55,446 shares of the company’s stock after acquiring an additional 5,818 shares during the period. Secure Asset Management LLC’s holdings in VICI Properties were worth $1,620,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after purchasing an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC raised its holdings in VICI Properties by 367.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after acquiring an additional 1,744,939 shares during the period. State Street Corp lifted its position in shares of VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after acquiring an additional 1,164,717 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after acquiring an additional 770,195 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of VICI Properties by 80.9% in the third quarter. BNP Paribas Financial Markets now owns 1,673,230 shares of the company’s stock valued at $55,735,000 after purchasing an additional 748,378 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VICI has been the subject of several analyst reports. JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Wednesday, December 11th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays began coverage on VICI Properties in a research report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective on the stock. Finally, Truist Financial reduced their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Trading Down 0.5 %

Shares of VICI opened at $29.32 on Friday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm has a market cap of $30.90 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 3.76 and a beta of 0.94. The firm has a 50 day moving average price of $30.35 and a 200-day moving average price of $31.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.90%. VICI Properties’s payout ratio is 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.