Assetmark Inc. Grows Stock Position in VICI Properties Inc. $VICI

Assetmark Inc. increased its stake in VICI Properties Inc. (NYSE:VICI) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,282,899 shares of the company’s stock after acquiring an additional 32,833 shares during the period. Assetmark Inc. owned about 0.21% of VICI Properties worth $74,445,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State of Wyoming bought a new position in shares of VICI Properties in the second quarter worth approximately $26,000. Parvin Asset Management LLC bought a new position in VICI Properties in the 2nd quarter worth $27,000. Headlands Technologies LLC purchased a new stake in shares of VICI Properties in the 2nd quarter worth about $28,000. Hantz Financial Services Inc. lifted its position in shares of 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 shares of VICI Properties during the 3rd quarter valued at about $29,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Price Performance

Shares of VICI opened at $29.06 on Friday. The company has a market capitalization of $31.06 billion, a P/E ratio of 11.09, a price-to-earnings-growth 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. The firm has a 50 day moving average of $28.25 and a 200 day moving average of $30.45. VICI Properties Inc. has a twelve month low of $27.48 and a twelve month high of $34.03.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders 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 dividend yield of 6.2%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

Wall Street Analyst Weigh In

VICI has been the subject of a number of research reports. The Goldman Sachs Group decreased their price target on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Evercore reiterated an “in-line” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Cantor Fitzgerald set a $33.00 target price on VICI Properties in a research report on Monday, January 5th. Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $36.00 to $30.00 in a research note on Friday, January 30th. Finally, Mizuho reduced their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Nine investment 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.85.

About VICI Properties

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.