Capital Investment Advisors LLC Acquires 6,597 Shares of VICI Properties Inc. (NYSE:VICI)

Capital Investment Advisors LLC increased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 1.9% in the second quarter, Holdings Channel.com reports. The firm owned 347,066 shares of the company’s stock after purchasing an additional 6,597 shares during the quarter. Capital Investment Advisors LLC’s holdings in VICI Properties were worth $10,908,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Peak Financial Advisors LLC increased its stake in VICI Properties by 29.7% during the 2nd quarter. Peak Financial Advisors LLC now owns 10,819 shares of the company’s stock worth $340,000 after purchasing an additional 2,477 shares in the last quarter. Beech Hill Advisors Inc. boosted its position in VICI Properties by 1.1% during the 2nd quarter. Beech Hill Advisors Inc. now owns 103,180 shares of the company’s stock worth $3,243,000 after acquiring an additional 1,169 shares during the last quarter. Czech National Bank boosted its position in VICI Properties by 0.5% during the 2nd quarter. Czech National Bank now owns 118,863 shares of the company’s stock worth $3,736,000 after acquiring an additional 641 shares during the last quarter. AE Wealth Management LLC boosted its position in VICI Properties by 1.8% during the 2nd quarter. AE Wealth Management LLC now owns 60,715 shares of the company’s stock worth $1,908,000 after acquiring an additional 1,082 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in VICI Properties by 168.0% during the 2nd quarter. SG Americas Securities LLC now owns 191,233 shares of the company’s stock worth $6,010,000 after acquiring an additional 119,886 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VICI shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price target on shares of VICI Properties in a research report on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft downgraded VICI Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $39.00 to $34.00 in a research report on Wednesday, July 5th. BNP Paribas started coverage on VICI Properties in a research report on Wednesday, June 14th. They set an “outperform” rating and a $41.00 price target for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $38.00 price target on shares of VICI Properties in a research report on Friday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.20.

VICI Properties Stock Performance

VICI Properties stock traded down $0.13 during mid-day trading on Friday, hitting $31.38. 8,027,746 shares of the company’s stock traded hands, compared to its average volume of 3,845,010. The firm has a 50 day simple moving average of $31.23 and a two-hundred day simple moving average of $31.77. VICI Properties Inc. has a fifty-two week low of $29.29 and a fifty-two week high of $35.07. The stock has a market cap of $31.80 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 2.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.23 and a quick ratio of 4.23.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be issued a dividend of $0.415 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, September 20th. This represents a $1.66 annualized dividend and a yield of 5.29%. VICI Properties’s dividend payout ratio (DPR) is currently 71.56%.

About VICI Properties

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.