Empirical Asset Management LLC Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Empirical Asset Management LLC bought a new position in VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 39,066 shares of the company’s stock, valued at approximately $1,141,000.

Several other hedge funds have also recently made changes to their positions in VICI. Carmel Capital Partners LLC increased its stake in VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after acquiring an additional 367 shares during the last quarter. Continuum Advisory LLC increased its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the last quarter. Insight Folios Inc raised its holdings in VICI Properties by 2.5% during the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock valued at $601,000 after buying an additional 433 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in VICI Properties by 23.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock worth $78,000 after buying an additional 442 shares during the last quarter. Finally, Chase Investment Counsel Corp boosted its stake in VICI Properties by 3.2% during the third quarter. Chase Investment Counsel Corp now owns 15,346 shares of the company’s stock worth $511,000 after buying an additional 470 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Up 0.3 %

NYSE:VICI opened at $29.36 on Friday. 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 firm has a market cap of $30.95 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 3.60 and a beta of 0.94. The company has a 50-day moving average of $30.48 and a 200 day moving average of $31.42. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties Dividend Announcement

The firm also recently disclosed 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. This represents a $1.73 annualized dividend and a yield of 5.89%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is 64.07%.

Analyst Ratings Changes

VICI has been the topic of several recent analyst reports. Mizuho reduced their target price 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. Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Barclays began coverage on VICI Properties in a research note on Friday, January 10th. They set an “overweight” rating and a $36.00 target price on the stock. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

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.