Oxbow Advisors LLC purchased a new stake in VICI Properties Inc. (NYSE:VICI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 265,702 shares of the company’s stock, valued at approximately $7,054,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Bayban bought a new stake in VICI Properties during the 4th quarter worth approximately $25,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of VICI Properties in the first quarter worth approximately $25,000. State of Wyoming bought a new position in shares of VICI Properties in the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. bought a new position in shares of VICI Properties in the fourth quarter valued at approximately $28,000. Finally, Headlands Technologies LLC purchased a new position in shares of VICI Properties during the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 97.71% of the company’s stock.
VICI Properties Trading Down 0.0%
NYSE VICI opened at $25.95 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $28.58 billion, a price-to-earnings ratio of 10.06 and a beta of 0.65. VICI Properties Inc. has a one year low of $25.81 and a one year high of $33.92. The business’s fifty day moving average is $26.70 and its 200-day moving average is $27.87.
VICI Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Raymond James Financial set a $29.00 price objective on VICI Properties in a research note on Thursday, August 13th. Morgan Stanley cut their price objective on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.29.
View Our Latest Stock Analysis on VICI
VICI Properties Profile
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
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