Capital Investment Advisors LLC Buys 10,815 Shares of VICI Properties Inc. (NYSE:VICI)

Capital Investment Advisors LLC grew its stake in VICI Properties Inc. (NYSE:VICI) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,760 shares of the company’s stock after buying an additional 10,815 shares during the quarter. Capital Investment Advisors LLC’s holdings in VICI Properties were worth $9,219,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP increased its holdings in VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 999 shares in the last quarter. UMB Bank n.a. raised its position in shares of VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its stake in shares of VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in VICI Properties in the 2nd quarter worth $43,000. Finally, Rothschild Investment LLC purchased a new stake in VICI Properties in the 2nd quarter worth $47,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the topic of several research analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st. Finally, Evercore ISI increased their price objective 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

VICI Properties Stock Performance

NYSE:VICI opened at $33.19 on Friday. The company has a market cap of $34.62 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 5.15 and a beta of 0.93. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.29. The stock’s 50 day simple moving average is $32.90 and its two-hundred day simple moving average is $30.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.21%. VICI Properties’s dividend payout ratio (DPR) is 68.38%.

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.