VICI Properties Inc. (NYSE:VICI) Shares Bought by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 14.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,509 shares of the company’s stock after purchasing an additional 9,067 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in VICI Properties were worth $2,100,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. HBC Financial Services PLLC purchased a new stake in VICI Properties in the 4th quarter valued at about $31,000. Tucker Asset Management LLC grew its holdings in VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares during the period. Blue Trust Inc. increased its position in VICI Properties by 455.3% during the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after purchasing an additional 938 shares during the last quarter. Quarry LP raised its stake in VICI Properties by 143.1% during the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock worth $40,000 after purchasing an additional 741 shares during the period. Finally, Arlington Trust Co LLC boosted its holdings in shares of VICI Properties by 291.9% in the 4th quarter. Arlington Trust Co LLC now owns 2,610 shares of the company’s stock valued at $83,000 after purchasing an additional 1,944 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research analyst reports. Scotiabank upped their price objective on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Morgan Stanley restated an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Finally, Mizuho lifted their price objective on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Two research 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

VICI Properties Price Performance

Shares of NYSE VICI opened at $31.42 on Wednesday. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $32.68. The company has a market capitalization of $32.78 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 2.76 and a beta of 0.92. The business has a 50-day moving average of $28.84 and a 200-day moving average of $29.22.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s dividend payout ratio is presently 65.61%.

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.