International Assets Investment Management LLC Acquires New Shares in VICI Properties Inc. (NYSE:VICI)

International Assets Investment Management LLC bought a new position in VICI Properties Inc. (NYSE:VICI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,971 shares of the company’s stock, valued at approximately $142,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Sheaff Brock Investment Advisors LLC increased its stake in VICI Properties by 0.8% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 44,565 shares of the company’s stock worth $1,421,000 after acquiring an additional 355 shares during the last quarter. Bard Associates Inc. increased its stake in VICI Properties by 0.5% in the 4th quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock worth $2,570,000 after acquiring an additional 395 shares during the last quarter. Courier Capital LLC increased its stake in VICI Properties by 2.0% in the 1st quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock worth $627,000 after acquiring an additional 417 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in VICI Properties by 0.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock worth $1,674,000 after acquiring an additional 448 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in VICI Properties by 6.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,366 shares of the company’s stock worth $267,000 after acquiring an additional 489 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VICI shares. Morgan Stanley restated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Scotiabank increased their price objective on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Mizuho increased their price objective on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Evercore ISI increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.44.

VICI Properties Trading Up 1.3 %

Shares of VICI stock opened at $33.48 on Monday. The stock has a market capitalization of $35.06 billion, a PE ratio of 13.23, a P/E/G ratio of 5.26 and a beta of 0.92. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $33.51. The business has a 50-day moving average of $30.51 and a 200 day moving average of $29.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 4.96%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s dividend payout ratio is presently 65.61%.

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.