39,066 Shares in VICI Properties Inc. (NYSE:VICI) Acquired by Empirical Asset Management LLC

Empirical Asset Management LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 39,066 shares of the company’s stock, valued at approximately $1,141,000.

Several other institutional investors also recently modified their holdings of the business. Quarry LP grew its position in VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the period. Continuum Advisory LLC grew its holdings in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the period. UMB Bank n.a. increased its position in VICI Properties by 37.4% during the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after acquiring an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in VICI Properties in the third quarter worth about $67,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Up 0.3 %

VICI Properties stock opened at $29.36 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. The firm’s 50 day moving average price is $30.48 and its 200-day moving average price is $31.42. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a market cap of $30.95 billion, a P/E ratio of 10.87, a PEG ratio of 3.60 and a beta of 0.94.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is presently 64.07%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VICI shares. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Wednesday, December 11th. Mizuho cut 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 report on Wednesday, January 8th. Barclays initiated coverage on VICI Properties in a research note on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective for the company. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.33.

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.