Courier Capital LLC Acquires 1,107 Shares of VICI Properties Inc. (NYSE:VICI)

Courier Capital LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,367 shares of the company’s stock after buying an additional 1,107 shares during the quarter. Courier Capital LLC’s holdings in VICI Properties were worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after purchasing an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after buying an additional 1,744,939 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of VICI Properties by 101.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock valued at $98,910,000 after buying an additional 1,739,147 shares during the period. Hsbc Holdings PLC increased its position in VICI Properties by 35.5% in the 2nd quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock valued at $129,321,000 after buying an additional 1,185,463 shares in the last quarter. Finally, State Street Corp boosted its holdings in VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after acquiring an additional 1,164,717 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on VICI. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Evercore ISI boosted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Mizuho dropped their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Barclays began coverage on shares of VICI Properties in a research report on Friday. They set an “overweight” rating and a $36.00 target price for the company. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.25.

VICI Properties Price Performance

VICI Properties stock opened at $28.76 on Tuesday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The company’s 50 day moving average price is $30.72 and its two-hundred day moving average price is $31.41. The stock has a market cap of $30.32 billion, a P/E ratio of 10.65, a P/E/G ratio of 4.12 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 6.02%. VICI Properties’s dividend payout ratio (DPR) 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.