HighTower Advisors LLC Buys 18,732 Shares of VICI Properties Inc. (NYSE:VICI)

HighTower Advisors LLC boosted its stake in VICI Properties Inc. (NYSE:VICIGet Rating) by 28.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,456 shares of the company’s stock after acquiring an additional 18,732 shares during the period. HighTower Advisors LLC’s holdings in VICI Properties were worth $2,401,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Focused Wealth Management Inc boosted its holdings in shares of VICI Properties by 139.4% during the 1st quarter. Focused Wealth Management Inc now owns 862 shares of the company’s stock worth $25,000 after buying an additional 502 shares in the last quarter. Allworth Financial LP bought a new position in shares of VICI Properties during the 1st quarter worth approximately $34,000. Ellevest Inc. boosted its holdings in shares of VICI Properties by 51.1% during the 1st quarter. Ellevest Inc. now owns 1,313 shares of the company’s stock worth $37,000 after buying an additional 444 shares in the last quarter. Industrial Alliance Investment Management Inc. bought a new position in shares of VICI Properties during the 4th quarter worth approximately $46,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of VICI Properties during the 1st quarter worth approximately $60,000.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VICI. JMP Securities began coverage on VICI Properties in a research report on Wednesday, August 24th. They set an “outperform” rating and a $38.00 target price on the stock. Citigroup upped their target price on VICI Properties to $39.00 in a research report on Monday, August 22nd. Truist Financial upped their target price on VICI Properties from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. The Goldman Sachs Group upped their target price on VICI Properties from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 19th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $37.00 target price on shares of VICI Properties in a research report on Wednesday, July 20th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties currently has an average rating of “Buy” and a consensus target price of $36.58.

VICI Properties Trading Up 1.5 %

NYSE VICI opened at $33.17 on Wednesday. VICI Properties Inc. has a 12 month low of $26.23 and a 12 month high of $35.69. The firm has a market capitalization of $31.95 billion, a P/E ratio of 32.84, a PEG ratio of 3.09 and a beta of 0.96. The business has a fifty day simple moving average of $32.99 and a 200 day simple moving average of $30.26.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Thursday, June 23rd were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Wednesday, June 22nd. VICI Properties’s dividend payout ratio is presently 142.58%.

VICI Properties Company Profile

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VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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