Tectonic Advisors LLC Purchases 32,625 Shares of VICI Properties Inc. (NYSE:VICI)

Tectonic Advisors LLC increased its position in VICI Properties Inc. (NYSE:VICI) by 15.9% in the fourth quarter, HoldingsChannel reports. The firm owned 237,250 shares of the company’s stock after purchasing an additional 32,625 shares during the quarter. Tectonic Advisors LLC’s holdings in VICI Properties were worth $6,930,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VICI. CHURCHILL MANAGEMENT Corp raised its holdings in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after purchasing an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after acquiring an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its stake in shares of VICI Properties by 40.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after acquiring an additional 130,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after acquiring an additional 770,195 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in VICI Properties in the fourth quarter worth about $693,000. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VICI has been the subject of several recent research reports. JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Barclays cut their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Mizuho cut their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Price Performance

VICI opened at $29.86 on Wednesday. The company’s 50-day simple moving average is $29.98 and its two-hundred day simple moving average is $31.49. 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 capitalization of $31.47 billion, a P/E ratio of 11.06, a P/E/G ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

VICI Properties Company 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.