Steph & Co. Acquires 1,056 Shares of VICI Properties Inc. (NYSE:VICI)

Steph & Co. lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 20,539 shares of the company’s stock after buying an additional 1,056 shares during the quarter. Steph & Co.’s holdings in VICI Properties were worth $600,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Quarry LP increased its holdings in 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 last quarter. Continuum Advisory LLC increased its holdings in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the last quarter. UMB Bank n.a. lifted its position in shares of VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after buying an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after buying an additional 1,630 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in VICI Properties during the third quarter valued at approximately $67,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Wednesday, December 11th. Barclays assumed coverage on shares of VICI Properties in a research note on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective for the company. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Truist Financial reduced their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.33.

VICI Properties Stock Performance

VICI Properties stock opened at $28.74 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm has a market capitalization of $30.30 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 3.60 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 company’s 50-day moving average is $30.56 and its 200 day moving average is $31.40.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 6.02%. VICI Properties’s payout ratio is 64.07%.

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.