Secure Asset Management LLC Has $1.45 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Secure Asset Management LLC boosted its stake in VICI Properties Inc. (NYSE:VICI) by 3.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 50,757 shares of the company’s stock after buying an additional 1,724 shares during the period. Secure Asset Management LLC’s holdings in VICI Properties were worth $1,454,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VICI. International Assets Investment Management LLC lifted its holdings in shares of VICI Properties by 3,074.1% during the fourth quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock worth $5,704,000 after buying an additional 176,115 shares in the last quarter. SVB Wealth LLC bought a new stake in VICI Properties in the 4th quarter valued at about $242,000. J.W. Cole Advisors Inc. bought a new stake in VICI Properties in the 4th quarter valued at about $257,000. Lindbrook Capital LLC grew its position in shares of VICI Properties by 24.7% during the 4th quarter. Lindbrook Capital LLC now owns 5,446 shares of the company’s stock worth $174,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of VICI Properties by 85.1% during the fourth quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock worth $16,394,000 after purchasing an additional 236,430 shares during the period. 97.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Scotiabank upped their target price on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Mizuho raised their price target on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

VICI Properties Price Performance

Shares of VICI Properties stock traded up $0.57 during trading on Friday, reaching $32.90. 2,674,404 shares of the company’s stock were exchanged, compared to its average volume of 6,058,005. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $33.06. The company has a market cap of $34.32 billion, a P/E ratio of 12.97, a PEG ratio of 4.97 and a beta of 0.92. The firm’s 50-day moving average price is $29.91 and its 200 day moving average price is $29.35.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.05%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

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.