Synergy Asset Management LLC Acquires 22,288 Shares of VICI Properties Inc. $VICI

Synergy Asset Management LLC grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 10.5% in the 2nd quarter, Holdings Channel reports. The fund owned 235,352 shares of the company’s stock after buying an additional 22,288 shares during the period. Synergy Asset Management LLC’s holdings in VICI Properties were worth $6,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of VICI Properties by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock valued at $4,455,820,000 after purchasing an additional 1,705,855 shares during the last quarter. State Street Corp lifted its stake in VICI Properties by 1.7% in the 4th quarter. State Street Corp now owns 63,619,919 shares of the company’s stock valued at $1,817,165,000 after purchasing an additional 1,080,992 shares during the last quarter. Geode Capital Management LLC lifted its stake in VICI Properties by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after purchasing an additional 1,037,345 shares during the last quarter. Allianz Asset Management GmbH boosted its position in VICI Properties by 8.2% in the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock valued at $851,821,000 after buying an additional 2,305,719 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after buying an additional 734,068 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.0%

NYSE VICI opened at $26.34 on Friday. The firm has a market capitalization of $29.00 billion, a PE ratio of 10.21 and a beta of 0.65. The business’s 50-day moving average price is $26.80 and its two-hundred day moving average price is $27.92. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. VICI Properties Inc. has a 12 month low of $25.82 and a 12 month high of $33.92.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.8%. VICI Properties’s dividend payout ratio is presently 69.77%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VICI. Barclays lowered their price target on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Raymond James Financial set a $29.00 price objective on VICI Properties in a report on Thursday. Scotiabank reduced their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Wells Fargo & Company lowered their target price on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Finally, Cantor Fitzgerald dropped their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.29.

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.