Masterton Capital Management LP Purchases New Holdings in VICI Properties Inc. (NYSE:VICI)

Masterton Capital Management LP purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 236,400 shares of the company’s stock, valued at approximately $6,770,000. VICI Properties comprises about 4.8% of Masterton Capital Management LP’s investment portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in VICI. Tucker Asset Management LLC increased its holdings in VICI Properties by 1,888.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after buying an additional 1,020 shares during the last quarter. UMB Bank n.a. lifted its position in shares of VICI Properties by 254.4% in the second 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. Quarry LP boosted its stake in shares of VICI Properties by 143.1% during the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock worth $40,000 after acquiring an additional 741 shares during the period. Carmichael Hill & Associates Inc. raised its stake 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 acquiring an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VICI Properties in the second quarter valued at $43,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VICI. Evercore ISI lifted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.56.

VICI Properties Trading Up 0.6 %

Shares of VICI stock opened at $33.26 on Tuesday. The stock has a market cap of $34.69 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.29. 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 stock has a 50 day simple moving average of $32.19 and a 200 day simple moving average of $29.96.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.20%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 18th. VICI Properties’s dividend payout ratio is presently 68.38%.

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.