12,295 Shares in VICI Properties Inc. (NYSE:VICI) Acquired by Brookstone Capital Management

Brookstone Capital Management acquired a new position in VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,295 shares of the company’s stock, valued at approximately $359,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in shares of VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after acquiring an additional 40,733 shares during the period. Charles Schwab Investment Management Inc. lifted its position in VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares during the period. Modus Advisors LLC acquired a new position in VICI Properties during the fourth quarter worth $2,261,000. Handelsbanken Fonder AB raised its stake in VICI Properties by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after acquiring an additional 47,953 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in VICI Properties during the second quarter worth $557,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VICI. Barclays began coverage on VICI Properties in a research note on Friday, January 10th. They issued an “overweight” rating and a $36.00 target price for the company. Truist Financial lowered their target price 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. JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Wednesday, December 11th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

VICI Properties Stock Up 0.3 %

NYSE:VICI opened at $29.36 on Friday. The firm has a market capitalization of $30.95 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 3.60 and a beta of 0.94. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The stock’s 50 day moving average price is $30.48 and its two-hundred day moving average price is $31.42. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors 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 dividend yield of 5.89%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is presently 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.