Brown Brothers Harriman & Co. Purchases 1,630 Shares of VICI Properties Inc. (NYSE:VICI)

Brown Brothers Harriman & Co. grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 512.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,948 shares of the company’s stock after acquiring an additional 1,630 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in VICI Properties were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quarry LP grew its position in VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares during the period. UMB Bank n.a. lifted its stake in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. grew its holdings in shares of VICI Properties by 363.2% during the second 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties during the second quarter worth about $43,000. Finally, Rothschild Investment LLC acquired a new stake in shares of VICI Properties in the 2nd quarter worth about $47,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Mizuho dropped their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 14th. JMP Securities upped their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up 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 seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Trading Up 0.7 %

NYSE VICI opened at $32.60 on Friday. The business’s fifty day moving average is $32.35 and its 200-day moving average is $31.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $34.37 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 4.31 and a beta of 0.94. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a $0.4325 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.31%. VICI Properties’s payout ratio is currently 64.07%.

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.