Lecap Asset Management Ltd. Has $2.94 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Lecap Asset Management Ltd. raised its stake in VICI Properties Inc. (NYSE:VICI) by 38.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,608 shares of the company’s stock after purchasing an additional 28,158 shares during the period. VICI Properties accounts for approximately 0.8% of Lecap Asset Management Ltd.’s investment portfolio, making the stock its 23rd biggest position. Lecap Asset Management Ltd.’s holdings in VICI Properties were worth $2,939,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VICI. Continuum Advisory LLC raised its holdings in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the period. UMB Bank n.a. increased its stake in shares of VICI Properties by 37.4% during the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after purchasing an additional 512 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after purchasing an additional 1,630 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in VICI Properties in the 3rd quarter valued at $67,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in VICI Properties by 340.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company’s stock worth $74,000 after buying an additional 1,700 shares during the period. 97.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VICI shares. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Mizuho lowered their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays dropped their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday. 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.22.

VICI Properties Stock Up 0.7 %

NYSE VICI opened at $30.13 on Friday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The business has a fifty day moving average price of $29.88 and a two-hundred day moving average price of $31.47. 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 $31.77 billion, a PE ratio of 11.16, a PEG ratio of 3.80 and a beta of 0.95.

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 paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

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.