Madison Asset Management LLC Acquires 17,983 Shares of VICI Properties Inc. $VICI

Madison Asset Management LLC raised its holdings in VICI Properties Inc. (NYSE:VICI) by 97.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,430 shares of the company’s stock after purchasing an additional 17,983 shares during the quarter. Madison Asset Management LLC’s holdings in VICI Properties were worth $1,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State of Wyoming acquired a new stake in shares of VICI Properties in the second quarter valued at $26,000. Parvin Asset Management LLC bought a new stake in VICI Properties during the 2nd quarter worth about $27,000. Hantz Financial Services Inc. grew its holdings in VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after acquiring an additional 724 shares during the last quarter. Headlands Technologies LLC acquired a new stake in VICI Properties in the 2nd quarter valued at about $28,000. Finally, Godsey & Gibb Inc. bought a new position in shares of VICI Properties in the third quarter worth about $29,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI stock opened at $29.06 on Friday. The firm’s 50 day moving average price is $28.25 and its two-hundred day moving average price is $30.45. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.03. The stock has a market cap of $31.06 billion, a PE ratio of 11.09, a PEG ratio of 2.90 and a beta of 0.70.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is currently 68.70%.

Analyst Ratings Changes

VICI has been the topic of a number of research reports. Mizuho reduced their target price on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Stifel Nicolaus reduced their price objective on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Barclays dropped their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Finally, Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $36.00 to $30.00 in a report on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.85.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.