Wright Investors Service Inc. Purchases 485 Shares of VICI Properties Inc. (NYSE:VICI)

Wright Investors Service Inc. lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 73,031 shares of the company’s stock after buying an additional 485 shares during the period. Wright Investors Service Inc.’s holdings in VICI Properties were worth $2,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carmel Capital Partners LLC increased its position in VICI Properties by 1.0% in the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after buying an additional 367 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of 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 acquiring an additional 374 shares during the period. MAS Advisors LLC increased its holdings in VICI Properties by 2.8% in the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock worth $422,000 after acquiring an additional 398 shares in the last quarter. Insight Folios Inc raised its stake in VICI Properties by 2.5% during the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock worth $601,000 after acquiring an additional 433 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in VICI Properties by 23.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 1.9 %

NYSE VICI opened at $28.76 on Tuesday. The stock has a 50 day moving average price of $30.72 and a 200-day moving average price of $31.41. VICI Properties Inc. has a one year low of $27.08 and a one 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 has a market capitalization of $30.32 billion, a P/E ratio of 10.65, a P/E/G ratio of 4.12 and a beta of 0.94.

VICI Properties Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 6.02%. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VICI shares. Evercore ISI raised their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.25.

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.