C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 8,027 VICI Properties Inc. (NYSE:VICI)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,027 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VICI. Creative Planning grew its holdings in VICI Properties by 4.2% during the third quarter. Creative Planning now owns 74,125 shares of the company’s stock valued at $2,469,000 after purchasing an additional 2,971 shares during the last quarter. Teamwork Financial Advisors LLC grew its stake in shares of VICI Properties by 38.7% in the third quarter. Teamwork Financial Advisors LLC now owns 21,992 shares of the company’s stock worth $733,000 after acquiring an additional 6,136 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of VICI Properties by 5.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 307,024 shares of the company’s stock worth $10,227,000 after acquiring an additional 16,843 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of VICI Properties by 8.8% in the third quarter. V Square Quantitative Management LLC now owns 11,830 shares of the company’s stock worth $394,000 after acquiring an additional 954 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its stake in shares of VICI Properties by 4.1% in the third quarter. Capital Investment Advisors LLC now owns 276,760 shares of the company’s stock worth $9,219,000 after acquiring an additional 10,815 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research analyst reports. Barclays lowered their price objective on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. 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 issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Mizuho decreased their price target 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Down 0.1 %

Shares of NYSE VICI opened at $30.39 on Friday. The stock has a market cap of $32.04 billion, a PE ratio of 11.26, a PEG ratio of 3.80 and a beta of 0.95. The business has a fifty day moving average of $29.66 and a two-hundred day moving average of $31.45. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.69%. VICI Properties’s payout ratio is presently 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.