Carret Asset Management LLC Boosts Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Carret Asset Management LLC grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 9.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,559 shares of the company’s stock after buying an additional 5,687 shares during the period. Carret Asset Management LLC’s holdings in VICI Properties were worth $2,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. HBC Financial Services PLLC purchased a new position in VICI Properties in the fourth quarter valued at about $31,000. Tucker Asset Management LLC raised its holdings in shares of VICI Properties by 1,888.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after buying an additional 1,020 shares during the period. Blue Trust Inc. lifted its position in VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after acquiring an additional 938 shares in the last quarter. Quarry LP boosted its holdings in VICI Properties by 143.1% in the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock worth $40,000 after acquiring an additional 741 shares during the period. Finally, Planned Solutions Inc. acquired a new stake in VICI Properties in the fourth quarter valued at approximately $45,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of NYSE VICI traded down $0.02 during trading on Wednesday, reaching $27.75. The stock had a trading volume of 2,861,988 shares, compared to its average volume of 6,266,173. The firm’s 50 day moving average price is $28.73 and its two-hundred day moving average price is $29.51. VICI Properties Inc. has a one year low of $26.63 and a one year high of $33.40. The stock has a market cap of $28.95 billion, a PE ratio of 10.98, a P/E/G ratio of 2.34 and a beta of 0.92.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th will be paid a dividend of $0.415 per share. The ex-dividend date is Tuesday, June 18th. This represents a $1.66 annualized dividend and a yield of 5.98%. VICI Properties’s payout ratio is 65.61%.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of recent analyst reports. Scotiabank boosted their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Mizuho boosted their price target on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Morgan Stanley restated an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research note on Friday, June 21st. Finally, Wells Fargo & Company cut their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.50.

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.