111,578 Shares in VICI Properties Inc. (NYSE:VICI) Acquired by Core Alternative Capital

Core Alternative Capital purchased a new position in VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 111,578 shares of the company’s stock, valued at approximately $3,259,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VICI. Carmel Capital Partners LLC boosted its position in shares of VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after acquiring an additional 367 shares during the last quarter. Continuum Advisory LLC lifted its stake in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares in the last quarter. Center For Asset Management LLC boosted its holdings in shares of VICI Properties by 2.3% during the 4th quarter. Center For Asset Management LLC now owns 19,246 shares of the company’s stock valued at $562,000 after purchasing an additional 426 shares during the last quarter. Insight Folios Inc grew its position in shares of VICI Properties by 2.5% during the third quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock valued at $601,000 after purchasing an additional 433 shares in the last quarter. Finally, Chase Investment Counsel Corp increased its holdings in shares of VICI Properties by 3.2% in the third quarter. Chase Investment Counsel Corp now owns 15,346 shares of the company’s stock worth $511,000 after purchasing an additional 470 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $29.97 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $31.59 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The firm’s 50-day moving average is $29.78 and its 200 day 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 issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.77%. VICI Properties’s payout ratio is 64.07%.

Wall Street Analyst Weigh In

Several research firms have weighed in on VICI. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. 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 research note on Tuesday, January 14th. Finally, 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Company Profile

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.