VICI Properties Inc. (NYSE:VICI) Shares Purchased by MAS Advisors LLC

MAS Advisors LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 14.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 17,943 shares of the company’s stock after buying an additional 2,221 shares during the quarter. MAS Advisors LLC’s holdings in VICI Properties were worth $585,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VICI. Vanguard Group Inc. grew its position in VICI Properties by 11.6% in the first quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock worth $2,810,583,000 after buying an additional 10,248,110 shares during the last quarter. Norges Bank acquired a new position in VICI Properties in the fourth quarter worth approximately $331,955,000. CIBC Private Wealth Group LLC grew its position in VICI Properties by 100.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 12,144,543 shares of the company’s stock worth $393,581,000 after buying an additional 6,097,353 shares during the last quarter. Bank of America Corp DE grew its position in VICI Properties by 14.2% in the first quarter. Bank of America Corp DE now owns 35,912,812 shares of the company’s stock worth $1,171,476,000 after buying an additional 4,477,196 shares during the last quarter. Finally, Boston Partners purchased a new position in VICI Properties during the 1st quarter worth approximately $124,241,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

VICI Properties Trading Down 0.1 %

VICI Properties stock opened at $31.19 on Friday. The company’s fifty day simple moving average is $31.24 and its 200-day simple moving average is $31.86. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.69. VICI Properties Inc. has a 12 month low of $29.29 and a 12 month high of $35.07. The stock has a market cap of $31.61 billion, a P/E ratio of 14.31, a P/E/G ratio of 2.31 and a beta of 0.93.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st will be issued a dividend of $0.415 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.39. This represents a $1.66 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend is Wednesday, September 20th. VICI Properties’s payout ratio is currently 71.56%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VICI. Deutsche Bank Aktiengesellschaft cut shares of VICI Properties from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $34.00 in a research report on Wednesday, July 5th. BNP Paribas began coverage on shares of VICI Properties in a research report on Wednesday, June 14th. They set an “outperform” rating and a $41.00 price objective on the stock. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price objective on shares of VICI Properties in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

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.