Cornercap Investment Counsel Inc. Has $403,000 Stake in VICI Properties Inc. (NYSE:VICI)

Cornercap Investment Counsel Inc. decreased its position in shares of VICI Properties Inc. (NYSE:VICI) by 26.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,108 shares of the company’s stock after selling 4,327 shares during the period. Cornercap Investment Counsel Inc.’s holdings in VICI Properties were worth $403,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quarry LP increased its holdings in shares of VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after purchasing an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VICI Properties in the second quarter valued at approximately $43,000. Finally, Rothschild Investment LLC bought a new position in VICI Properties in the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Up 1.2 %

VICI opened at $31.67 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The firm’s fifty day simple moving average is $32.58 and its 200 day simple moving average is $30.90. The stock has a market capitalization of $33.39 billion, a P/E ratio of 11.73, a P/E/G ratio of 4.20 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.46%. The ex-dividend date was Wednesday, September 18th. VICI Properties’s payout ratio is presently 64.07%.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of recent research reports. Evercore ISI raised their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Mizuho reduced their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, JMP Securities lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.