Moody National Bank Trust Division increased its holdings in shares of VICI Properties Inc. (NYSE:VICI – Get Rating) by 75.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,551 shares of the company’s stock after acquiring an additional 15,279 shares during the period. Moody National Bank Trust Division’s holdings in VICI Properties were worth $1,152,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. RB Capital Management LLC grew its position in VICI Properties by 9.3% in the fourth quarter. RB Capital Management LLC now owns 35,908 shares of the company’s stock valued at $1,163,000 after acquiring an additional 3,055 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in shares of VICI Properties in the 4th quarter worth about $11,005,000. Coldstream Capital Management Inc. acquired a new stake in shares of VICI Properties during the 4th quarter worth about $337,000. MinichMacGregor Wealth Management LLC bought a new position in VICI Properties during the 4th quarter valued at about $106,000. Finally, Yousif Capital Management LLC boosted its position in VICI Properties by 2.5% in the fourth quarter. Yousif Capital Management LLC now owns 166,271 shares of the company’s stock valued at $5,387,000 after buying an additional 4,109 shares in the last quarter.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 30th. Morgan Stanley lifted their price objective on VICI Properties from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, December 16th. Raymond James cut VICI Properties from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $38.00 to $36.00 in a report on Monday, January 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on VICI Properties from $37.00 to $38.00 in a report on Friday, December 2nd. One investment analyst has 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 $36.77.
VICI Properties Trading Down 1.5 %
VICI Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Investors of record on Thursday, March 23rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, March 22nd. This represents a $1.56 annualized dividend and a yield of 5.00%. VICI Properties’s dividend payout ratio is currently 123.81%.
About VICI Properties
VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.
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