Assetmark Inc. Raises Stock Holdings in VICI Properties Inc. $VICI

Assetmark Inc. raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,282,899 shares of the company’s stock after purchasing an additional 32,833 shares during the quarter. Assetmark Inc.’s holdings in VICI Properties were worth $74,445,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. State of Wyoming purchased a new position in shares of VICI Properties during the second quarter valued at approximately $26,000. Parvin Asset Management LLC bought a new position in VICI Properties during the second quarter valued at approximately $27,000. Headlands Technologies LLC purchased a new stake in VICI Properties in the second quarter worth approximately $28,000. Hantz Financial Services Inc. grew its position in VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares during the period. Finally, Godsey & Gibb Inc. bought a new stake in VICI Properties in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VICI shares. Mizuho lowered their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. The Goldman Sachs Group reduced their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Wells Fargo & Company reissued an “equal weight” rating and issued a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Evercore reissued an “in-line” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Finally, Barclays reduced their price target on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $33.85.

VICI Properties Price Performance

NYSE:VICI opened at $29.06 on Friday. The business’s 50-day simple moving average is $28.25 and its two-hundred day simple moving average is $30.45. 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 P/E/G ratio of 2.90 and a beta of 0.70. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. VICI Properties’s payout ratio is currently 68.70%.

VICI Properties Company 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.