Frank Rimerman Advisors LLC Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Frank Rimerman Advisors LLC purchased a new stake in VICI Properties Inc. (NYSE:VICI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,987 shares of the company’s stock, valued at approximately $716,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. lifted its stake in VICI Properties by 22.6% in the 4th quarter. D.A. Davidson & CO. now owns 16,907 shares of the company’s stock valued at $539,000 after acquiring an additional 3,121 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of VICI Properties in the fourth quarter worth $228,000. Cambridge Investment Research Advisors Inc. boosted its holdings in VICI Properties by 1.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 133,455 shares of the company’s stock worth $4,255,000 after purchasing an additional 1,759 shares during the last quarter. US Bancorp DE grew its position in VICI Properties by 9.6% in the fourth quarter. US Bancorp DE now owns 319,554 shares of the company’s stock valued at $10,187,000 after purchasing an additional 28,016 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its stake in VICI Properties by 48.2% in the 4th quarter. Hilltop Holdings Inc. now owns 12,998 shares of the company’s stock valued at $414,000 after buying an additional 4,225 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the subject of several analyst reports. Evercore ISI raised their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Morgan Stanley reissued an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.56.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $33.26 on Tuesday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.29. The company’s 50 day moving average price is $32.19 and its two-hundred day moving average price is $29.96. The firm has a market cap of $34.69 billion, a PE ratio of 13.14, a PEG ratio of 5.35 and a beta of 0.94.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend is Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is 68.38%.

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.