Gateway Investment Advisers LLC Purchases 25,927 Shares of VICI Properties Inc. $VICI

Gateway Investment Advisers LLC increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 154.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,663 shares of the company’s stock after buying an additional 25,927 shares during the period. Gateway Investment Advisers LLC’s holdings in VICI Properties were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. Bayban bought a new position in shares of VICI Properties in the 4th quarter valued at about $25,000. Dynamic Wealth Strategies LLC bought a new stake in shares of VICI Properties in the 1st quarter valued at about $25,000. State of Wyoming acquired a new stake in VICI Properties in the 2nd quarter valued at about $26,000. Evolution Wealth Management Inc. bought a new position in VICI Properties during the fourth quarter worth about $28,000. Finally, Headlands Technologies LLC bought a new position in VICI Properties during the second quarter worth about $28,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 0.5%

NYSE VICI opened at $26.10 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 10.12 and a beta of 0.65. The company has a 50 day moving average of $26.82 and a 200-day moving average of $27.94. VICI Properties Inc. has a 1-year low of $25.82 and a 1-year high of $33.92.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.9%. VICI Properties’s payout ratio is currently 69.77%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank Of Canada began coverage on VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Cantor Fitzgerald reduced their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley dropped their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Scotiabank cut their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Hold” and an average target price of $31.46.

About VICI Properties

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.