CHURCHILL MANAGEMENT Corp Has $9.10 Million Position in VICI Properties Inc. (NYSE:VICI)

CHURCHILL MANAGEMENT Corp lifted its position in VICI Properties Inc. (NYSE:VICI) by 2.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 311,653 shares of the company’s stock after buying an additional 8,834 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in VICI Properties were worth $9,103,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. One Capital Management LLC acquired a new position in shares of VICI Properties during the 2nd quarter valued at about $780,000. Mesirow Financial Investment Management Inc. acquired a new position in VICI Properties during the second quarter valued at approximately $346,000. Renaissance Technologies LLC raised its position in shares of VICI Properties by 2.0% in the second quarter. Renaissance Technologies LLC now owns 1,147,429 shares of the company’s stock valued at $32,862,000 after purchasing an additional 22,200 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of VICI Properties by 5.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 97,367 shares of the company’s stock worth $2,789,000 after buying an additional 5,362 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of VICI Properties by 8.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 70,846 shares of the company’s stock worth $2,021,000 after buying an additional 5,366 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VICI shares. Mizuho dropped their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Barclays assumed coverage on VICI Properties in a research report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price target on the stock. JMP Securities reissued a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Wednesday, December 11th. Finally, Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.33.

VICI Properties Price Performance

Shares of VICI stock opened at $28.74 on Thursday. The firm’s 50 day moving average price is $30.56 and its two-hundred day moving average price is $31.40. 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 stock has a market cap of $30.30 billion, a PE ratio of 10.64, a PEG ratio of 3.60 and a beta of 0.94. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

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.