Hourglass Capital LLC Grows Position in VICI Properties Inc. (NYSE:VICI)

Hourglass Capital LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,151 shares of the company’s stock after purchasing an additional 3,400 shares during the quarter. Hourglass Capital LLC’s holdings in VICI Properties were worth $5,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Continuum Advisory LLC increased its stake in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares in the last quarter. Quent Capital LLC increased its stake in shares of VICI Properties by 27.1% during the fourth quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock valued at $64,000 after purchasing an additional 468 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after purchasing an additional 1,630 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of VICI Properties in the 3rd quarter worth approximately $67,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of VICI Properties by 1,774.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,343 shares of the company’s stock worth $78,000 after buying an additional 2,218 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the topic of several analyst reports. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays lowered their price target on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Mizuho reduced their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Truist Financial cut their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Price Performance

NYSE VICI opened at $30.39 on Friday. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The business’s fifty day moving average price is $29.66 and its 200-day moving average price is $31.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $32.04 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 3.80 and a beta of 0.95.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.69%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

About VICI Properties

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.