Brown Lisle Cummings Inc. Buys 1,459 Shares of VICI Properties Inc. (NYSE:VICI)

Brown Lisle Cummings Inc. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 85.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,159 shares of the company’s stock after buying an additional 1,459 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in VICI Properties were worth $92,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VICI. CHURCHILL MANAGEMENT Corp boosted its position in shares of VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after acquiring an additional 8,834 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after purchasing an additional 40,733 shares during the period. Border to Coast Pensions Partnership Ltd grew its position in shares of VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $693,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.2 %

VICI Properties stock opened at $29.86 on Wednesday. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s fifty day simple moving average is $29.98 and its two-hundred day simple moving average is $31.49. The company has a market capitalization of $31.47 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95.

VICI Properties Announces Dividend

The company 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 dividend on an annualized basis and a yield of 5.79%. VICI Properties’s payout ratio is currently 64.07%.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of recent research reports. Barclays lowered their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday. Truist Financial decreased their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Mizuho lowered their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.