NEOS Investment Management LLC Buys 92,972 Shares of VICI Properties Inc. $VICI

NEOS Investment Management LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 63.5% in the third quarter, HoldingsChannel reports. The fund owned 239,287 shares of the company’s stock after acquiring an additional 92,972 shares during the period. NEOS Investment Management LLC’s holdings in VICI Properties were worth $7,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Dynamic Advisor Solutions LLC boosted its position in shares of VICI Properties by 3.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock worth $339,000 after purchasing an additional 337 shares during the period. Heritage Wealth Advisors lifted its stake in VICI Properties by 18.9% in the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after purchasing an additional 350 shares in the last quarter. Bell Investment Advisors Inc grew its position in shares of VICI Properties by 32.7% during the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after purchasing an additional 351 shares in the last quarter. Armstrong Advisory Group Inc. grew its position in shares of VICI Properties by 4.6% during the third quarter. Armstrong Advisory Group Inc. now owns 8,462 shares of the company’s stock valued at $276,000 after purchasing an additional 370 shares in the last quarter. Finally, World Investment Advisors increased its holdings in shares of VICI Properties by 3.6% in the third quarter. World Investment Advisors now owns 11,353 shares of the company’s stock worth $370,000 after purchasing an additional 397 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI Properties stock opened at $29.73 on Thursday. VICI Properties Inc. has a 12-month low of $27.48 and a 12-month high of $34.03. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $28.40 and a 200-day moving average price of $30.34. The firm has a market capitalization of $31.77 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 2.97 and a beta of 0.70.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a $0.45 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. VICI Properties’s payout ratio is presently 68.70%.

Analysts Set New Price Targets

A number of equities analysts recently commented on VICI shares. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a report on Monday, January 5th. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Stifel Nicolaus reduced their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, The Goldman Sachs Group lowered their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.