Beck Capital Management LLC Purchases 2,518 Shares of VICI Properties Inc. (NYSE:VICI)

Beck Capital Management LLC grew its holdings in VICI Properties Inc. (NYSE:VICI) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,824 shares of the company’s stock after purchasing an additional 2,518 shares during the quarter. Beck Capital Management LLC’s holdings in VICI Properties were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV lifted its stake in VICI Properties by 1.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 210,287 shares of the company’s stock valued at $6,860,000 after buying an additional 3,607 shares during the period. AXA S.A. lifted its position in shares of VICI Properties by 13.8% during the 1st quarter. AXA S.A. now owns 69,615 shares of the company’s stock valued at $2,271,000 after acquiring an additional 8,464 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in VICI Properties during the first quarter worth $312,000. MAS Advisors LLC grew its holdings in VICI Properties by 14.1% in the first quarter. MAS Advisors LLC now owns 17,943 shares of the company’s stock worth $585,000 after purchasing an additional 2,221 shares during the period. Finally, Ossiam increased its stake in VICI Properties by 87.4% in the first quarter. Ossiam now owns 12,659 shares of the company’s stock valued at $413,000 after purchasing an additional 5,905 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

VICI Properties Stock Down 0.1 %

NYSE:VICI traded down $0.03 during trading hours on Friday, hitting $31.19. 4,218,965 shares of the company traded hands, compared to its average volume of 3,740,484. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.69. The company has a market cap of $31.61 billion, a PE ratio of 14.31, a PEG ratio of 2.31 and a beta of 0.93. The firm’s 50-day simple moving average is $31.24 and its 200-day simple moving average is $31.84. VICI Properties Inc. has a one year low of $29.29 and a one year high of $35.07.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be given a dividend of $0.415 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.39. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Wednesday, September 20th. VICI Properties’s dividend payout ratio (DPR) is presently 71.56%.

Analysts Set New Price Targets

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

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.