Metis Global Partners LLC Raises Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Metis Global Partners LLC grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,289 shares of the company’s stock after buying an additional 4,054 shares during the quarter. Metis Global Partners LLC’s holdings in VICI Properties were worth $2,108,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VICI. Quarry LP lifted its stake in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the last quarter. UMB Bank n.a. raised its stake in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. grew its stake in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VICI Properties during the second quarter valued at $43,000. Finally, Rothschild Investment LLC acquired a new stake in VICI Properties in the second quarter worth about $47,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Trading Up 1.2 %

NYSE:VICI opened at $31.66 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a market cap of $33.38 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 4.15 and a beta of 0.94. The business has a 50 day moving average price of $32.58 and a two-hundred day moving average price of $30.88.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.46%. VICI Properties’s dividend payout ratio is 64.07%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VICI. Mizuho cut their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. JMP Securities increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Evercore ISI lifted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus 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.