Markowski Investments acquired a new position in shares of VICI Properties Inc. (NYSE:VICI – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 23,873 shares of the company’s stock, valued at approximately $634,000.
A number of other institutional investors also recently bought and sold shares of the business. BAM Wealth Management LLC boosted its stake in shares of VICI Properties by 15.7% during the second quarter. BAM Wealth Management LLC now owns 9,141 shares of the company’s stock worth $243,000 after buying an additional 1,238 shares during the period. Concurrent Investment Advisors LLC increased its position in VICI Properties by 19.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 31,506 shares of the company’s stock valued at $837,000 after acquiring an additional 5,128 shares during the period. Prosperitas Financial LLC acquired a new position in VICI Properties in the 2nd quarter valued at about $323,000. NEOS Investment Management LLC raised its stake in VICI Properties by 7.6% during the 2nd quarter. NEOS Investment Management LLC now owns 406,077 shares of the company’s stock valued at $10,781,000 after acquiring an additional 28,575 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new stake in VICI Properties during the 2nd quarter worth approximately $119,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Price Performance
VICI Properties stock opened at $25.39 on Friday. The firm has a market capitalization of $27.96 billion, a PE ratio of 9.84 and a beta of 0.65. VICI Properties Inc. has a 52 week low of $25.34 and a 52 week high of $33.82. The firm’s 50-day simple moving average is $26.39 and its 200 day simple moving average is $27.64. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.
VICI Properties Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be given a $0.46 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Thursday, September 17th. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.
Wall Street Analysts Forecast Growth
VICI has been the topic of a number of recent research reports. Robert W. Baird set a $32.00 target price on VICI Properties in a report on Thursday, July 30th. Royal Bank Of Canada started coverage on shares of VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Cantor Fitzgerald reduced their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Mizuho dropped their target price on VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.00.
View Our Latest Report on VICI
About VICI Properties
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.
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