Riverview Capital Advisers LLC Acquires 3,888 Shares of VICI Properties Inc. (NYSE:VICI)

Riverview Capital Advisers LLC grew its holdings in VICI Properties Inc. (NYSE:VICI) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,572 shares of the company’s stock after buying an additional 3,888 shares during the period. Riverview Capital Advisers LLC’s holdings in VICI Properties were worth $3,052,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Tucker Asset Management LLC raised its holdings in VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after acquiring an additional 1,020 shares during the period. Quarry LP grew its stake in shares of VICI Properties by 143.1% in the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after acquiring an additional 741 shares in the last quarter. UMB Bank n.a. increased its position in VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after acquiring an additional 982 shares during the period. Carmichael Hill & Associates Inc. boosted its holdings in VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after purchasing an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VICI Properties during the 2nd quarter worth approximately $43,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VICI shares. Evercore ISI boosted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley restated an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $33.56.

VICI Properties Trading Down 0.6 %

Shares of VICI Properties stock opened at $33.06 on Thursday. The firm has a market capitalization of $34.62 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm’s 50 day moving average is $31.99 and its 200 day moving average is $29.87. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.29.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is presently 65.61%.

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.