Neuberger Berman Group LLC Buys 91,115 Shares of VICI Properties Inc. (NYSE:VICI)

Neuberger Berman Group LLC raised its stake in VICI Properties Inc. (NYSE:VICIGet Rating) by 3.9% in the 1st quarter, HoldingsChannel reports. The firm owned 2,404,785 shares of the company’s stock after acquiring an additional 91,115 shares during the quarter. Neuberger Berman Group LLC’s holdings in VICI Properties were worth $68,440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VICI. Focused Wealth Management Inc increased its stake in VICI Properties by 139.4% in the first quarter. Focused Wealth Management Inc now owns 862 shares of the company’s stock valued at $25,000 after purchasing an additional 502 shares in the last quarter. Allworth Financial LP bought a new stake in shares of VICI Properties during the first quarter worth about $34,000. Ellevest Inc. increased its position in shares of VICI Properties by 51.1% during the first quarter. Ellevest Inc. now owns 1,313 shares of the company’s stock worth $37,000 after acquiring an additional 444 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of VICI Properties during the first quarter worth about $47,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of VICI Properties during the first quarter worth about $60,000.

VICI Properties Stock Up 0.9 %

VICI opened at $33.42 on Friday. The stock has a market cap of $32.19 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 3.13 and a beta of 0.96. VICI Properties Inc. has a twelve month low of $26.23 and a twelve month high of $35.69. The company’s 50-day moving average price is $33.58 and its two-hundred day moving average price is $30.68.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.67%. This is a boost from VICI Properties’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, September 21st. VICI Properties’s payout ratio is presently 142.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VICI shares. Truist Financial boosted their target price on shares of VICI Properties from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. Evercore ISI reissued an “outperform” rating and set a $37.00 target price on shares of VICI Properties in a research report on Wednesday, July 20th. Citigroup boosted their target price on shares of VICI Properties to $39.00 in a research report on Monday, August 22nd. Raymond James boosted their target price on shares of VICI Properties from $36.00 to $38.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 8th. Finally, LADENBURG THALM/SH SH boosted their target price on shares of VICI Properties from $33.50 to $36.00 in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $36.45.

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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