Blue Trust Inc. Purchases 982 Shares of VICI Properties Inc. (NYSE:VICI)

Blue Trust Inc. boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 131.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,729 shares of the company’s stock after acquiring an additional 982 shares during the period. Blue Trust Inc.’s holdings in VICI Properties were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. International Assets Investment Management LLC lifted its holdings in shares of VICI Properties by 3,074.1% during the 4th quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock valued at $5,704,000 after purchasing an additional 176,115 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in VICI Properties in the fourth quarter valued at approximately $257,000. California Public Employees Retirement System boosted its holdings in shares of VICI Properties by 7.3% in the fourth quarter. California Public Employees Retirement System now owns 2,587,851 shares of the company’s stock valued at $82,501,000 after buying an additional 176,231 shares during the period. GAMMA Investing LLC bought a new stake in shares of VICI Properties during the fourth quarter worth $167,000. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of VICI Properties by 4.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 16,973 shares of the company’s stock worth $548,000 after acquiring an additional 744 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Scotiabank upped their target price on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Finally, Mizuho lifted their target price on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.44.

VICI Properties Price Performance

NYSE:VICI opened at $32.33 on Friday. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $32.68. The company has a market cap of $33.73 billion, a P/E ratio of 12.78, a P/E/G ratio of 4.97 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. The stock’s 50-day simple moving average is $29.91 and its 200 day simple moving average is $29.35.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

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.