Carmel Capital Partners LLC Increases Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Carmel Capital Partners LLC raised its position in VICI Properties Inc. (NYSE:VICI) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,343 shares of the company’s stock after buying an additional 367 shares during the quarter. Carmel Capital Partners LLC’s holdings in VICI Properties were worth $1,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Duality Advisers LP purchased a new stake in shares of VICI Properties in the 1st quarter worth approximately $405,000. Envestnet Portfolio Solutions Inc. grew its position in VICI Properties by 21.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 45,271 shares of the company’s stock worth $1,349,000 after acquiring an additional 7,938 shares in the last quarter. Forsta AP Fonden boosted its position in shares of VICI Properties by 48.9% during the first quarter. Forsta AP Fonden now owns 318,900 shares of the company’s stock valued at $9,500,000 after buying an additional 104,800 shares during the period. Fore Capital LLC bought a new position in VICI Properties in the first quarter worth approximately $1,341,000. Finally, Sei Investments Co. raised its stake in VICI Properties by 12.7% in the first quarter. Sei Investments Co. now owns 3,597,685 shares of the company’s stock worth $107,175,000 after buying an additional 405,983 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Up 1.5 %

Shares of NYSE VICI opened at $31.39 on Friday. 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 has a market cap of $33.09 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 4.75 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The stock’s 50-day simple moving average is $32.80 and its 200-day simple moving average is $30.79.

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. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s payout ratio is presently 64.07%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VICI. 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 report on Tuesday, October 1st. Evercore ISI upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, JMP Securities increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.11.

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.