Orion Portfolio Solutions LLC Grows Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Orion Portfolio Solutions LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,204 shares of the company’s stock after buying an additional 5,008 shares during the period. Orion Portfolio Solutions LLC’s holdings in VICI Properties were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Quarry LP lifted its position in shares of VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the period. UMB Bank n.a. lifted its position in shares of VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its position in shares of VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VICI Properties in the 2nd quarter worth approximately $43,000. Finally, Rothschild Investment LLC purchased a new stake in shares of VICI Properties in the 2nd quarter worth approximately $47,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Up 0.1 %

Shares of VICI Properties stock opened at $31.13 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The firm has a market capitalization of $32.82 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 4.12 and a beta of 0.93. The firm’s 50 day simple moving average is $32.06 and its two-hundred day simple moving average is $31.26.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.4325 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.56%. VICI Properties’s payout ratio is 64.07%.

Wall Street Analyst Weigh In

VICI has been the subject of several recent analyst reports. Evercore ISI boosted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research note on Wednesday. Mizuho reduced their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Finally, 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 note on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

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.