Ashford Capital Management Inc. lifted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 43.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 198,810 shares of the company's stock after purchasing an additional 60,300 shares during the period. Ashford Capital Management Inc.'s holdings in VICI Properties were worth $6,622,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP increased its position in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company's stock worth $32,000 after buying an additional 999 shares in the last quarter. UMB Bank n.a. raised its stake in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company's stock worth $39,000 after acquiring an additional 982 shares during the period. Carmichael Hill & Associates Inc. raised its stake in VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock worth $40,000 after acquiring an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VICI Properties in the second quarter worth approximately $43,000. Finally, Rothschild Investment LLC bought a new position in shares of VICI Properties in the second quarter worth approximately $47,000. Hedge funds and other institutional investors own 97.71% of the company's stock.
A number of research analysts recently weighed in on VICI shares. JMP Securities lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company a "market outperform" rating in a research note on Friday, November 1st. Mizuho lowered their price objective on VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Thursday, November 14th. Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $34.00.
View Our Latest Research Report on VICI
Shares of VICI opened at $31.76 on Tuesday. The company's fifty day simple moving average is $32.17 and its 200-day simple moving average is $31.20. The company has a market cap of $33.48 billion, a P/E ratio of 11.76, a P/E/G ratio of 4.19 and a beta of 0.93. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties's payout ratio is currently 64.07%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider VICI Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VICI Properties wasn't on the list.
While VICI Properties currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.