Ibex Wealth Advisors Buys Shares of 164,446 VICI Properties Inc. (NYSE:VICI)

Ibex Wealth Advisors acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 164,446 shares of the company’s stock, valued at approximately $4,803,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after purchasing an additional 7,658,819 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after buying an additional 1,744,939 shares during the last quarter. State Street Corp grew its stake in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after buying an additional 1,164,717 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in VICI Properties by 127.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock worth $50,099,000 after acquiring an additional 960,706 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after acquiring an additional 770,195 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI Properties stock traded down $0.12 during trading on Wednesday, hitting $29.90. 192,547 shares of the stock were exchanged, compared to its average volume of 7,032,070. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The stock has a market capitalization of $31.51 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.94. The company has a fifty day moving average price of $30.24 and a 200-day moving average price of $31.52. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s payout ratio is 64.07%.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research analyst reports. Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Barclays initiated coverage on shares of VICI Properties in a research note on Friday, January 10th. They issued an “overweight” rating and a $36.00 target price for the company. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

About VICI Properties

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.