Mesirow Financial Investment Management Inc. Takes Position in VICI Properties Inc. (NYSE:VICI)

Mesirow Financial Investment Management Inc. purchased a new position in VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,062 shares of the company’s stock, valued at approximately $346,000.

Other hedge funds also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in shares of VICI Properties by 6.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,366 shares of the company’s stock valued at $267,000 after buying an additional 489 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of VICI Properties by 82.1% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 79,708 shares of the company’s stock valued at $2,541,000 after purchasing an additional 35,937 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of VICI Properties by 6.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 9,257 shares of the company’s stock worth $295,000 after purchasing an additional 539 shares during the period. Thoroughbred Financial Services LLC bought a new position in shares of VICI Properties during the 4th quarter valued at approximately $206,000. Finally, D.A. Davidson & CO. raised its holdings in VICI Properties by 22.6% during the 4th quarter. D.A. Davidson & CO. now owns 16,907 shares of the company’s stock valued at $539,000 after buying an additional 3,121 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI Properties stock opened at $33.71 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a market cap of $35.17 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 5.28 and a beta of 0.94. The firm has a 50-day moving average of $31.77 and a two-hundred day moving average of $29.82. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.29.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be paid a $0.4325 dividend. The ex-dividend date is Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.13%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is 68.38%.

Wall Street Analyst Weigh In

Several research analysts have commented on VICI shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research note on Friday, June 21st. Evercore ISI upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.56.

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.