Cornell Pochily Investment Advisors Inc. Has $273,000 Stock Position in VICI Properties Inc. (NYSE:VICI)

Cornell Pochily Investment Advisors Inc. lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 24.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,332 shares of the company’s stock after acquiring an additional 1,816 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in VICI Properties were worth $273,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. CHURCHILL MANAGEMENT Corp grew its position in shares of VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after purchasing an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after buying an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its stake in VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after acquiring an additional 130,000 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in VICI Properties by 7.0% in 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. Finally, Modus Advisors LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at $2,261,000. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VICI. Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Price Performance

VICI Properties stock opened at $29.61 on Monday. The company has a market capitalization of $31.22 billion, a PE ratio of 10.97, a P/E/G ratio of 3.76 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $30.31 and a two-hundred day moving average price of $31.51. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.84%. VICI Properties’s dividend payout ratio is presently 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.