VICI Properties Inc. $VICI Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 4.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,434,455 shares of the company’s stock after purchasing an additional 394,225 shares during the period. Envestnet Asset Management Inc. owned about 0.88% of VICI Properties worth $307,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Wyoming acquired a new position in VICI Properties in the 2nd quarter valued at $26,000. Parvin Asset Management LLC acquired a new stake in VICI Properties during the 2nd quarter worth about $27,000. Hantz Financial Services Inc. increased its holdings in VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares in the last quarter. Headlands Technologies LLC bought a new position in VICI Properties during the second quarter worth $28,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of VICI Properties in the 3rd quarter valued at about $29,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 2.8%

VICI stock opened at $28.83 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The company has a market capitalization of $30.81 billion, a PE ratio of 11.00, a P/E/G ratio of 2.79 and a beta of 0.70. The firm’s 50-day moving average is $28.19 and its 200 day moving average is $30.61. VICI Properties Inc. has a 12 month low of $27.48 and a 12 month high of $34.03.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.2%. VICI Properties’s payout ratio is 68.70%.

Wall Street Analyst Weigh In

Several equities analysts have commented on VICI shares. Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Stifel Nicolaus lowered their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Mizuho lowered their price objective on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Barclays cut their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $33.85.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.