Miracle Mile Advisors LLC Invests $263,000 in VICI Properties Inc. (NYSE:VICI)

Miracle Mile Advisors LLC purchased a new position in VICI Properties Inc. (NYSE:VICI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,018 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds also recently bought and sold shares of VICI. Quarry LP raised its holdings in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 999 shares during the last quarter. Continuum Advisory LLC raised its holdings in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the last quarter. UMB Bank n.a. lifted its position in VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after acquiring an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of VICI Properties in the third quarter worth $67,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VICI. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Wednesday, December 11th. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Mizuho lowered their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Barclays began coverage on VICI Properties in a report on Friday, January 10th. They set an “overweight” rating and a $36.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Price Performance

NYSE VICI opened at $29.27 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business’s fifty day moving average is $30.52 and its 200 day moving average is $31.38. The company has a market capitalization of $30.86 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 3.60 and a beta of 0.94. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.91%. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

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.