NovaPoint Capital LLC Raises Stock Position in VICI Properties Inc. (NYSE:VICI)

NovaPoint Capital LLC increased its stake in VICI Properties Inc. (NYSE:VICI) by 8.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,131 shares of the company’s stock after acquiring an additional 1,151 shares during the quarter. NovaPoint Capital LLC’s holdings in VICI Properties were worth $442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp grew its holdings in shares of VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after buying an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after purchasing an additional 40,733 shares during the period. Border to Coast Pensions Partnership Ltd grew its holdings in shares of VICI Properties by 40.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after purchasing an additional 130,000 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after purchasing an additional 770,195 shares during the period. Finally, Brookstone Capital Management purchased a new stake in shares of VICI Properties in the fourth quarter valued at about $359,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.5 %

Shares of VICI opened at $29.94 on Thursday. The stock has a market capitalization of $31.56 billion, a PE ratio of 11.09, a P/E/G ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company’s 50-day simple moving average is $29.93 and its 200-day simple moving average is $31.48.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.78%. VICI Properties’s dividend payout ratio is presently 64.07%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VICI. Barclays dropped their price objective on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday. Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Mizuho decreased their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

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.