Madison Asset Management LLC Has $1.19 Million Holdings in VICI Properties Inc. $VICI

Madison Asset Management LLC lifted its stake in VICI Properties Inc. (NYSE:VICI) by 97.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,430 shares of the company’s stock after acquiring an additional 17,983 shares during the period. Madison Asset Management LLC’s holdings in VICI Properties were worth $1,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Wyoming acquired a new stake in VICI Properties in the 2nd quarter worth $26,000. Parvin Asset Management LLC acquired a new position in shares of VICI Properties during the second quarter valued at about $27,000. Hantz Financial Services Inc. grew its position in VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after buying an additional 724 shares in the last quarter. Headlands Technologies LLC acquired a new stake in VICI Properties during the second quarter worth about $28,000. Finally, Godsey & Gibb Inc. acquired a new stake in VICI Properties during the third quarter worth about $29,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 0.4%

Shares of NYSE VICI opened at $29.06 on Friday. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The business has a fifty day moving average of $28.25 and a two-hundred day moving average of $30.45. The stock has a market cap of $31.06 billion, a PE ratio of 11.09, a PEG ratio of 2.90 and a beta of 0.70.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were given a $0.45 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. VICI Properties’s payout ratio is 68.70%.

Analyst Ratings Changes

A number of analysts have commented on VICI shares. Scotiabank downgraded VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $36.00 to $30.00 in a research report on Friday, January 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. The Goldman Sachs Group decreased their price target on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Cantor Fitzgerald set a $33.00 price objective on shares of VICI Properties in a research note on Monday, January 5th. Finally, Mizuho decreased their target price on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $33.85.

VICI Properties Company 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.