Empire Life Investments Inc. Purchases Shares of 106,082 VICI Properties Inc. (NYSE:VICI)

Empire Life Investments Inc. purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 106,082 shares of the company’s stock, valued at approximately $3,099,000.

Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC grew its holdings in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after purchasing an additional 1,630 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of VICI Properties in the 3rd quarter worth approximately $67,000. Quent Capital LLC boosted its holdings in shares of VICI Properties by 27.1% in the 4th quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock worth $64,000 after purchasing an additional 468 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of VICI Properties by 1,774.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,343 shares of the company’s stock worth $78,000 after purchasing an additional 2,218 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI stock opened at $30.39 on Friday. 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 stock has a 50 day moving average price of $29.66 and a 200 day moving average price of $31.45. The firm has a market capitalization of $32.04 billion, a P/E ratio of 11.26, a P/E/G ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VICI shares. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial dropped their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Barclays dropped their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.