Cerity Partners LLC Buys 3,835 Shares of VICI Properties Inc. (NYSE:VICI)

Cerity Partners LLC increased its stake in VICI Properties Inc. (NYSE:VICI) by 4.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 83,662 shares of the company’s stock after purchasing an additional 3,835 shares during the quarter. Cerity Partners LLC’s holdings in VICI Properties were worth $2,667,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc increased its stake in VICI Properties by 77.7% in the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after buying an additional 410 shares in the last quarter. Alaska Permanent Fund Corp increased its stake in VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after buying an additional 466 shares in the last quarter. Blue Trust Inc. increased its stake in VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after buying an additional 938 shares in the last quarter. ING Groep NV purchased a new position in shares of VICI Properties during the third quarter valued at about $36,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of VICI Properties during the third quarter valued at about $41,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 1.1 %

Shares of NYSE VICI opened at $27.51 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. The company has a market cap of $28.70 billion, a P/E ratio of 11.09, a PEG ratio of 6.11 and a beta of 0.90. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.05. The firm has a 50-day simple moving average of $29.15 and a two-hundred day simple moving average of $29.61.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s payout ratio is currently 66.94%.

Insiders Place Their Bets

In other news, Director James R. Abrahamson acquired 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $28.85 per share, with a total value of $86,550.00. Following the completion of the purchase, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

VICI has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Wells Fargo & Company cut their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Finally, Mizuho lowered their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.36.

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.