Vanderbilt University Buys 17,980 Shares of VICI Properties Inc. (NYSE:VICI)

Vanderbilt University increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 19.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,236 shares of the company’s stock after acquiring an additional 17,980 shares during the quarter. VICI Properties makes up about 0.7% of Vanderbilt University’s portfolio, making the stock its 28th largest position. Vanderbilt University’s holdings in VICI Properties were worth $3,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. FCG Investment Co bought a new position in shares of VICI Properties in the third quarter valued at approximately $1,694,000. Insight Folios Inc grew its position in VICI Properties by 2.5% during the third quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock valued at $601,000 after buying an additional 433 shares during the period. West Bancorporation Inc. bought a new stake in VICI Properties in the third quarter worth about $263,000. DekaBank Deutsche Girozentrale boosted its stake in VICI Properties by 14.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 652,154 shares of the company’s stock valued at $21,522,000 after acquiring an additional 80,950 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of VICI Properties by 39.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 98,594 shares of the company’s stock valued at $3,284,000 after acquiring an additional 27,962 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VICI has been the topic of a number of research reports. Evercore ISI lifted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

VICI Properties Stock Performance

Shares of VICI Properties stock traded up $0.28 during trading hours on Monday, reaching $32.38. The company had a trading volume of 232,003 shares, compared to its average volume of 5,703,340. The firm has a market cap of $33.91 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 5.04 and a beta of 0.93. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The business has a fifty day simple moving average of $33.00 and a 200 day simple moving average of $30.55.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.34%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is currently 67.84%.

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.