Blake Schutter Theil Wealth Advisors LLC Invests $540,000 in VICI Properties Inc. (NYSE:VICI)

Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, HoldingsChannel reports. The firm bought 16,208 shares of the company’s stock, valued at approximately $540,000.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in shares of VICI Properties by 671.3% during the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock worth $21,494,000 after buying an additional 627,979 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in VICI Properties by 15.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock valued at $56,079,000 after purchasing an additional 246,983 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of VICI Properties by 115.9% in the first quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after purchasing an additional 16,824 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of VICI Properties by 14.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock worth $14,437,000 after purchasing an additional 59,613 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of VICI Properties by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after purchasing an additional 47,953 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VICI shares. JMP Securities raised their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Evercore ISI upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.11.

VICI Properties Trading Down 2.9 %

Shares of VICI Properties stock opened at $31.11 on Thursday. The firm has a 50-day simple moving average of $32.89 and a two-hundred day simple moving average of $30.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a market cap of $32.80 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 4.98 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.56%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is currently 64.07%.

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.