VICI Properties Inc. (NYSE:VICI) Shares Purchased by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,985 shares of the company’s stock after acquiring an additional 4,700 shares during the quarter. Nicola Wealth Management LTD.’s holdings in VICI Properties were worth $1,832,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. 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 acquiring an additional 999 shares during the period. UMB Bank n.a. boosted its position in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. increased its position in VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after buying an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VICI Properties during the second quarter worth about $43,000. Finally, Rothschild Investment LLC acquired a new stake in shares of VICI Properties in the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Down 0.4 %

VICI stock traded down $0.14 during mid-day trading on Thursday, reaching $31.17. The company had a trading volume of 914,323 shares, compared to its average volume of 5,664,127. The company has a market capitalization of $32.86 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 4.14 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. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The stock has a 50 day simple moving average of $32.67 and a two-hundred day simple moving average of $30.86.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is 64.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VICI shares. JMP Securities lifted their price objective 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. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Mizuho decreased their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday. 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 report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Profile

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.