Leisure Capital Management Makes New $611,000 Investment in VICI Properties Inc. (NYSE:VICI)

Leisure Capital Management purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 18,333 shares of the company’s stock, valued at approximately $611,000.

Other institutional investors have also added to or reduced their stakes in the company. Cornell Pochily Investment Advisors Inc. lifted its position in shares of VICI Properties by 7.1% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 7,516 shares of the company’s stock worth $250,000 after purchasing an additional 498 shares during the last quarter. Creative Planning lifted its holdings in VICI Properties by 4.2% during the 3rd quarter. Creative Planning now owns 74,125 shares of the company’s stock valued at $2,469,000 after buying an additional 2,971 shares in the last quarter. Sound Income Strategies LLC boosted its position in VICI Properties by 7.9% in the 3rd quarter. Sound Income Strategies LLC now owns 454,044 shares of the company’s stock valued at $15,124,000 after buying an additional 33,346 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of VICI Properties by 340.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company’s stock valued at $74,000 after acquiring an additional 1,700 shares in the last quarter. Finally, LVW Advisors LLC increased its position in VICI Properties by 108.4% during the 3rd quarter. LVW Advisors LLC now owns 24,861 shares of the company’s stock valued at $828,000 after purchasing an additional 12,929 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

NYSE VICI traded up $0.29 during mid-day trading on Wednesday, hitting $33.11. The stock had a trading volume of 295,203 shares, compared to its average volume of 5,785,941. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The firm’s 50 day moving average is $32.76 and its 200 day moving average is $30.33. The stock has a market capitalization of $34.67 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 5.15 and a beta of 0.93.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a $0.4325 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.23%. VICI Properties’s dividend payout ratio is presently 67.84%.

Analyst Ratings Changes

VICI has been the subject of several research reports. Evercore ISI lifted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

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.