Monument Capital Management Invests $560,000 in VICI Properties Inc. $VICI

Monument Capital Management purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,106 shares of the company’s stock, valued at approximately $560,000.

Other hedge funds have also recently made changes to their positions in the company. Bayban purchased a new position in VICI Properties in the 4th quarter worth $25,000. Dynamic Wealth Strategies LLC purchased a new stake in VICI Properties during the 1st quarter valued at about $25,000. State of Wyoming acquired a new position in shares of VICI Properties in the second quarter valued at about $26,000. Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties in the fourth quarter valued at about $28,000. Finally, Headlands Technologies LLC purchased a new position in shares of VICI Properties in the second quarter worth about $28,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Trading Up 1.0%

VICI Properties stock opened at $26.34 on Friday. The firm has a market cap of $29.00 billion, a PE ratio of 10.21 and a beta of 0.65. VICI Properties Inc. has a 12 month low of $25.82 and a 12 month high of $33.92. The stock’s 50 day simple moving average is $26.80 and its two-hundred day simple moving average 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VICI. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research report on Friday, July 31st. Robert W. Baird set a $32.00 price target on shares of VICI Properties in a research report on Thursday, July 30th. Wells Fargo & Company dropped their price objective on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research note on Thursday. Finally, Barclays decreased their target price on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.29.

About VICI Properties

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.