Wright Investors Service Inc. Acquires 485 Shares of VICI Properties Inc. (NYSE:VICI)

Wright Investors Service Inc. boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,031 shares of the company’s stock after buying an additional 485 shares during the period. Wright Investors Service Inc.’s holdings in VICI Properties were worth $2,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Quarry LP lifted its position in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares during the last quarter. Continuum Advisory LLC lifted its holdings 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 acquiring an additional 374 shares during the last quarter. UMB Bank n.a. grew its position in VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after acquiring an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in VICI Properties by 512.6% in the third 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. Finally, Harbor Capital Advisors Inc. bought a new position in VICI Properties in the third quarter valued at $67,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 1.9 %

Shares of VICI Properties stock opened at $28.76 on Tuesday. The company has a 50-day simple moving average of $30.72 and a two-hundred day simple moving average of $31.41. The stock has a market capitalization of $30.32 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 4.12 and a beta of 0.94. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 6.02%. VICI Properties’s payout ratio is 64.07%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VICI. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Wednesday, December 11th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.25.

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.