VICI Properties Inc. (NYSE:VICI) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its stake in VICI Properties Inc. (NYSE:VICI) by 5.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 97,367 shares of the company’s stock after buying an additional 5,362 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in VICI Properties were worth $2,789,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VICI. Tucker Asset Management LLC lifted its stake in VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after acquiring an additional 1,020 shares during the last quarter. UMB Bank n.a. grew its stake in shares of VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares in the last quarter. Quarry LP increased its holdings in VICI Properties by 143.1% in the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after buying an additional 741 shares during the last quarter. Carmichael Hill & Associates Inc. raised its stake in 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 buying an additional 1,104 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in VICI Properties during the 2nd quarter worth about $43,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI opened at $33.07 on Monday. The company’s 50 day simple moving average is $32.13 and its 200-day simple moving average is $29.93. The firm has a market cap of $34.50 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.29. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.23%. The ex-dividend date is Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.38%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VICI. Evercore ISI raised their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.56.

About VICI Properties

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.