Pathway Financial Advisers LLC Grows Position in VICI Properties Inc. (NYSE:VICI)

by · The Cerbat Gem

Pathway Financial Advisers LLC boosted its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 13.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,843 shares of the company’s stock after buying an additional 10,923 shares during the quarter. Pathway Financial Advisers LLC’s holdings in VICI Properties were worth $3,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP raised its position in VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares during the last quarter. UMB Bank n.a. raised its position in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. raised its position in VICI Properties by 363.2% in the 2nd 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VICI Properties during the 2nd quarter valued at $43,000. Finally, Rothschild Investment LLC purchased a new stake in shares of VICI Properties during the 2nd quarter valued at $47,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI stock opened at $32.29 on Wednesday. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.29. The stock has a market cap of $33.68 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 5.04 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company’s fifty day moving average price is $33.01 and its 200-day moving average price is $30.61.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is currently 68.38%.

Wall Street Analyst Weigh In

VICI has been the subject of several research analyst reports. Evercore ISI raised their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.00.

Read Our Latest Stock Analysis on VICI

VICI Properties Profile

(Free Report)

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.

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