ProShare Advisors LLC Buys 50,904 Shares of VICI Properties Inc. $VICI

ProShare Advisors LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 23.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,896 shares of the company’s stock after purchasing an additional 50,904 shares during the period. ProShare Advisors LLC’s holdings in VICI Properties were worth $8,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VICI. Dynamic Advisor Solutions LLC raised its position in shares of VICI Properties by 3.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock valued at $339,000 after buying an additional 337 shares during the last quarter. Heritage Wealth Advisors increased its stake in VICI Properties by 18.9% during the second quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock valued at $72,000 after acquiring an additional 350 shares during the period. Bell Investment Advisors Inc increased its stake in VICI Properties by 32.7% during the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after acquiring an additional 351 shares during the period. Armstrong Advisory Group Inc. raised its holdings in VICI Properties by 4.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 8,462 shares of the company’s stock valued at $276,000 after acquiring an additional 370 shares in the last quarter. Finally, World Investment Advisors raised its holdings in VICI Properties by 3.6% in the 3rd quarter. World Investment Advisors now owns 11,353 shares of the company’s stock valued at $370,000 after acquiring an additional 397 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VICI has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Cantor Fitzgerald set a $33.00 target price on VICI Properties in a research note on Monday, January 5th. Scotiabank downgraded shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $36.00 to $30.00 in a research note on Friday, January 30th. Mizuho lowered their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.85.

VICI Properties Price Performance

Shares of VICI stock opened at $29.17 on Thursday. The stock’s fifty day simple moving average is $28.23 and its 200 day simple moving average is $30.46. VICI Properties Inc. has a one year low of $27.48 and a one year high of $34.03. The firm has a market cap of $31.17 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 2.91 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties Dividend Announcement

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

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.