Millennium Management LLC increased its position in VICI Properties Inc. (NYSE:VICI) by 134.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,486,070 shares of the company’s stock after purchasing an additional 2,001,991 shares during the quarter. Millennium Management LLC owned approximately 0.65% of VICI Properties worth $98,447,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Pinz Capital Management LP bought a new position in VICI Properties in the first quarter worth $3,331,000. SG Americas Securities LLC raised its stake in VICI Properties by 128.6% during the first quarter. SG Americas Securities LLC now owns 104,334 shares of the company’s stock worth $2,946,000 after acquiring an additional 58,687 shares in the last quarter. Royal Bank of Canada raised its stake in VICI Properties by 1.7% during the first quarter. Royal Bank of Canada now owns 878,310 shares of the company’s stock worth $24,804,000 after acquiring an additional 14,481 shares in the last quarter. Clark Capital Management Group Inc. acquired a new position in VICI Properties during the first quarter worth $2,938,000. Finally, Charles Schwab Investment Management Inc. raised its stake in VICI Properties by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,022,649 shares of the company’s stock worth $128,078,000 after acquiring an additional 145,034 shares in the last quarter.
VICI traded down $0.37 during midday trading on Thursday, reaching $31.65. 44,764 shares of the company were exchanged, compared to its average volume of 3,690,151. The company has a quick ratio of 6.85, a current ratio of 6.85 and a debt-to-equity ratio of 0.71. VICI Properties Inc. has a one year low of $20.34 and a one year high of $33.35. The firm has a market cap of $17.00 billion, a PE ratio of 18.41, a P/E/G ratio of 2.30 and a beta of 1.07. The company’s 50-day simple moving average is $31.49.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 8th. Stockholders of record on Thursday, June 24th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Wednesday, June 23rd. VICI Properties’s dividend payout ratio (DPR) is presently 80.49%.
Several research analysts have issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 price objective (up from $28.00) on shares of VICI Properties in a research note on Monday, May 10th. Raymond James increased their price objective on VICI Properties from $34.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Friday, June 4th. LADENBURG THALM/SH SH raised their target price on VICI Properties from $28.00 to $33.50 and gave the company a “buy” rating in a research note on Monday, April 26th. Jefferies Financial Group raised their target price on VICI Properties from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, May 3rd. Finally, Evercore ISI restated an “in-line” rating on shares of VICI Properties in a research note on Monday, May 10th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $32.96.
About VICI Properties
VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.
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