MQS Management LLC Makes New Investment in VICI Properties Inc. $VICI

MQS Management LLC bought a new position in VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,470 shares of the company’s stock, valued at approximately $602,000.

A number of other institutional investors have also recently made changes to their positions in VICI. State of Wyoming purchased a new position in VICI Properties in the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC purchased a new stake in VICI Properties during the 2nd quarter valued at $27,000. Headlands Technologies LLC bought a new stake in shares of VICI Properties in the 2nd quarter worth $28,000. Hantz Financial Services Inc. increased its holdings in shares of VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares in the last quarter. Finally, Godsey & Gibb Inc. purchased a new position in shares of VICI Properties in the third quarter worth $29,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.7%

VICI Properties stock opened at $29.25 on Wednesday. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.03. The company has a market cap of $31.26 billion, a P/E ratio of 11.16, a P/E/G ratio of 2.89 and a beta of 0.70. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $28.21 and a two-hundred day simple moving average of $30.46.

VICI Properties Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VICI shares. Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $36.00 to $30.00 in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Barclays dropped their price target on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Cantor Fitzgerald set a $33.00 price target on shares of VICI Properties in a research note on Monday, January 5th. Finally, Mizuho lowered their price objective 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 equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, VICI Properties currently has an average 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.