MQS Management LLC Takes $352,000 Position in VICI Properties Inc. (NYSE:VICI)

MQS Management LLC bought a new stake in VICI Properties Inc. (NYSE:VICI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,824 shares of the company’s stock, valued at approximately $352,000.

A number of other institutional investors also recently modified their holdings of the company. Sheaff Brock Investment Advisors LLC increased its holdings in shares of VICI Properties by 0.8% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 44,565 shares of the company’s stock valued at $1,421,000 after purchasing an additional 355 shares in the last quarter. Bard Associates Inc. grew its holdings in VICI Properties by 0.5% during the 4th quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock worth $2,570,000 after acquiring an additional 395 shares during the period. Schnieders Capital Management LLC grew its holdings in VICI Properties by 0.8% during the 4th quarter. Schnieders Capital Management LLC now owns 51,843 shares of the company’s stock worth $1,653,000 after acquiring an additional 406 shares during the period. Courier Capital LLC grew its holdings in VICI Properties by 2.0% during the 1st quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock worth $627,000 after acquiring an additional 417 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in VICI Properties by 0.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock worth $1,674,000 after acquiring an additional 448 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.9 %

VICI traded up $0.27 during trading on Thursday, hitting $30.49. The company had a trading volume of 5,329,159 shares, compared to its average volume of 6,271,854. The firm’s 50-day moving average price is $28.78 and its 200 day moving average price is $29.25. VICI Properties Inc. has a one year low of $26.63 and a one year high of $33.40. The company has a market capitalization of $31.80 billion, a PE ratio of 12.12, a PEG ratio of 2.70 and a beta of 0.92.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were given a dividend of $0.415 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.66 annualized dividend and a yield of 5.45%. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

Analysts Set New Price Targets

A number of analysts have commented on VICI shares. Scotiabank lifted their target price on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Mizuho lifted their price target on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.44.

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.