18,470 Shares in VICI Properties Inc. $VICI Purchased by MQS Management LLC

MQS Management LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,470 shares of the company’s stock, valued at approximately $602,000.

Several other institutional investors and hedge funds have also bought and sold shares of VICI. Vanguard Group Inc. increased its stake in shares of VICI Properties by 1.2% during the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock valued at $5,086,097,000 after buying an additional 1,849,545 shares during the period. State Street Corp boosted its holdings in VICI Properties by 2.1% in the second quarter. State Street Corp now owns 59,694,662 shares of the company’s stock valued at $1,970,935,000 after acquiring an additional 1,204,476 shares in the last quarter. Geode Capital Management LLC increased its position in VICI Properties by 7.1% during the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after purchasing an additional 2,281,688 shares during the period. Allianz Asset Management GmbH raised its holdings in VICI Properties by 11.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock worth $912,644,000 after purchasing an additional 2,937,039 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in VICI Properties by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock worth $711,043,000 after purchasing an additional 2,326,747 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VICI shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Stifel Nicolaus cut their price objective on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Scotiabank lowered VICI Properties from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $36.00 to $30.00 in a research report on Friday, January 30th. Finally, Barclays lowered their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.85.

VICI Properties Stock Performance

VICI Properties stock opened at $29.25 on Wednesday. VICI Properties Inc. has a twelve month low of $27.48 and a twelve month high of $34.03. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $31.26 billion, a P/E ratio of 11.16, a PEG ratio of 2.89 and a beta of 0.70. The stock’s 50 day moving average is $28.21 and its 200 day moving average is $30.46.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.