7,599 Shares in VICI Properties Inc. (NYSE:VICI) Purchased by Avestar Capital LLC

Avestar Capital LLC purchased a new position in VICI Properties Inc. (NYSE:VICI) during the third quarter, Holdings Channel.com reports. The firm purchased 7,599 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in VICI Properties by 7.0% during the 3rd 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 in the last quarter. Handelsbanken Fonder AB grew its stake in VICI Properties by 8.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock valued at $19,781,000 after acquiring an additional 47,953 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in VICI Properties during the 2nd quarter valued at about $557,000. Los Angeles Capital Management LLC grew its stake in VICI Properties by 367.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after acquiring an additional 1,744,939 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in VICI Properties by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,209,783 shares of the company’s stock valued at $206,848,000 after acquiring an additional 26,990 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VICI. JMP Securities lifted their target price on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Mizuho lowered their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Evercore ISI boosted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Up 0.7 %

VICI opened at $32.60 on Thursday. The business has a 50 day moving average price of $32.36 and a 200 day moving average price of $31.07. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market cap of $34.37 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 4.31 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.31%. VICI Properties’s payout ratio is 64.07%.

VICI Properties Profile

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.