VICI Properties Inc. (NYSE:VICI) Stake Raised by Raymond James Trust N.A.

Raymond James Trust N.A. lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 14.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,136 shares of the company’s stock after buying an additional 6,381 shares during the period. Raymond James Trust N.A.’s holdings in VICI Properties were worth $1,670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VICI. Quarry LP increased its stake in VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares during the period. UMB Bank n.a. lifted its holdings in shares of VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. grew its stake in shares of VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties in the 2nd quarter valued at approximately $43,000. Finally, Rothschild Investment LLC acquired a new position in VICI Properties in the second quarter worth approximately $47,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

NYSE:VICI opened at $32.23 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The company has a fifty day moving average price of $32.42 and a 200 day moving average price of $31.00. The stock has a market cap of $33.98 billion, a P/E ratio of 11.94, a PEG ratio of 4.29 and a beta of 0.94.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is currently 64.07%.

Analyst Ratings Changes

VICI has been the subject of several recent research reports. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. JMP Securities upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Mizuho decreased 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Company 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.