Brown Lisle Cummings Inc. Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

Brown Lisle Cummings Inc. increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 85.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,159 shares of the company’s stock after buying an additional 1,459 shares during the period. Brown Lisle Cummings Inc.’s holdings in VICI Properties were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VICI. CHURCHILL MANAGEMENT Corp raised its stake in VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after buying an additional 8,834 shares during 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 worth $18,268,000 after acquiring an additional 40,733 shares during the period. Border to Coast Pensions Partnership Ltd increased its position in VICI Properties by 40.0% during 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 acquiring an additional 130,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in VICI Properties by 7.0% during 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 acquiring an additional 770,195 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in VICI Properties in the fourth quarter valued at about $693,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.2 %

VICI Properties stock opened at $29.86 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm’s 50 day moving average price is $29.98 and its 200-day moving average price is $31.49. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a market cap of $31.47 billion, a P/E ratio of 11.06, a PEG ratio of 3.80 and a beta of 0.95.

VICI Properties Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Mizuho lowered their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Barclays decreased their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.