NovaPoint Capital LLC Increases Stake in VICI Properties Inc. (NYSE:VICI)

NovaPoint Capital LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,131 shares of the company’s stock after buying an additional 1,151 shares during the period. NovaPoint Capital LLC’s holdings in VICI Properties were worth $442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of VICI Properties by 107.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,588 shares of the company’s stock worth $332,000 after purchasing an additional 5,990 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of VICI Properties by 91.6% in the second quarter. Cetera Investment Advisers now owns 179,042 shares of the company’s stock worth $5,128,000 after purchasing an additional 85,587 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of VICI Properties in the second quarter worth $1,631,000. Park Avenue Securities LLC increased its stake in shares of VICI Properties by 12.1% in the third quarter. Park Avenue Securities LLC now owns 20,374 shares of the company’s stock worth $679,000 after purchasing an additional 2,195 shares in the last quarter. Finally, Czech National Bank increased its stake in shares of VICI Properties by 7.3% in the third quarter. Czech National Bank now owns 213,320 shares of the company’s stock worth $7,106,000 after purchasing an additional 14,532 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $29.94 on Thursday. 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 company has a 50 day simple moving average of $29.93 and a two-hundred day simple moving average of $31.48. The stock has a market cap of $31.56 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 3.80 and a beta of 0.95.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.78%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho cut their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Barclays cut their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Truist Financial lowered their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Three 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, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.22.

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.