Legacy Capital Group California Inc. Raises Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Legacy Capital Group California Inc. raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,069 shares of the company’s stock after purchasing an additional 580 shares during the quarter. Legacy Capital Group California Inc.’s holdings in VICI Properties were worth $662,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Signet Financial Management LLC increased its position in shares of VICI Properties by 0.4% during the second quarter. Signet Financial Management LLC now owns 75,371 shares of the company’s stock worth $2,369,000 after purchasing an additional 329 shares in the last quarter. Commerce Bank grew its stake in VICI Properties by 2.6% during the 2nd quarter. Commerce Bank now owns 13,122 shares of the company’s stock valued at $412,000 after acquiring an additional 332 shares in the last quarter. Navellier & Associates Inc. lifted its stake in VICI Properties by 2.1% in the 2nd quarter. Navellier & Associates Inc. now owns 16,649 shares of the company’s stock worth $523,000 after purchasing an additional 337 shares in the last quarter. Penserra Capital Management LLC lifted its position in VICI Properties by 11.6% during the fourth quarter. Penserra Capital Management LLC now owns 3,300 shares of the company’s stock worth $105,000 after buying an additional 344 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its stake in VICI Properties by 3.5% during the fourth quarter. SeaCrest Wealth Management LLC now owns 10,106 shares of the company’s stock worth $327,000 after buying an additional 346 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Down 0.4 %

VICI traded down $0.12 on Friday, hitting $28.58. 7,729,274 shares of the company were exchanged, compared to its average volume of 6,754,703. The firm has a 50-day moving average price of $29.02 and a two-hundred day moving average price of $30.60. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.68. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $35.07. The company has a market cap of $29.57 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st were given a dividend of $0.415 per share. The ex-dividend date was Wednesday, September 20th. This is an increase from VICI Properties’s previous quarterly dividend of $0.39. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.81%. VICI Properties’s payout ratio is currently 69.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company started coverage on shares of VICI Properties in a report on Wednesday, September 20th. They issued an “overweight” rating and a $36.00 price objective for the company. JMP Securities reduced their price target on shares of VICI Properties from $38.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Monday, October 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 price objective on shares of VICI Properties in a research report on Tuesday, August 1st. Finally, Wedbush started coverage on VICI Properties in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $31.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.36.

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.