Blue Trust Inc. Grows Position in VICI Properties Inc. (NYSE:VICI)

Blue Trust Inc. raised its position in VICI Properties Inc. (NYSE:VICI) by 48.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,221 shares of the company’s stock after acquiring an additional 1,695 shares during the quarter. Blue Trust Inc.’s holdings in VICI Properties were worth $153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Continuum Advisory LLC lifted its position in shares of VICI Properties by 30.5% during the 3rd 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 holdings in VICI Properties by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after buying an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of VICI Properties in the 3rd quarter valued at about $67,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of VICI Properties by 340.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company’s stock worth $74,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock opened at $29.94 on Thursday. The stock’s 50-day moving average price is $29.93 and its 200 day moving average price is $31.48. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $31.56 billion, a PE ratio of 11.09, a price-to-earnings-growth 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 declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Analyst Ratings Changes

VICI has been the subject of a number of research analyst reports. Barclays lowered their price target on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday. Mizuho lowered their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $34.22.

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.