Ulland Investment Advisors LLC Makes New $167,000 Investment in VICI Properties Inc. (NYSE:VICI)

Ulland Investment Advisors LLC bought a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,715 shares of the company’s stock, valued at approximately $167,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after acquiring an additional 7,658,819 shares in the last quarter. Los Angeles Capital Management LLC raised its position 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 worth $73,927,000 after acquiring an additional 1,744,939 shares in the last quarter. State Street Corp lifted its stake in shares of VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in VICI Properties by 80.9% in the third quarter. BNP Paribas Financial Markets now owns 1,673,230 shares of the company’s stock worth $55,735,000 after purchasing an additional 748,378 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI stock opened at $29.36 on Tuesday. The stock’s 50 day simple moving average is $30.45 and its 200 day simple moving average is $31.45. 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 12-month low of $27.08 and a 12-month high of $34.29. The stock has a market capitalization of $30.95 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 3.75 and a beta of 0.94.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.89%. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Analyst Ratings Changes

VICI has been the subject of several recent research reports. Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th. Mizuho cut their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Barclays began coverage on VICI Properties in a research report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

VICI Properties Profile

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.