VICI Properties Inc. (NYSE:VICI) Shares Purchased by 1832 Asset Management L.P.

1832 Asset Management L.P. lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 511,803 shares of the company’s stock after purchasing an additional 29,798 shares during the period. 1832 Asset Management L.P.’s holdings in VICI Properties were worth $14,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VICI. D.A. Davidson & CO. grew its position in VICI Properties by 22.6% in the fourth quarter. D.A. Davidson & CO. now owns 16,907 shares of the company’s stock worth $539,000 after buying an additional 3,121 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of VICI Properties in the 4th quarter worth $228,000. Cambridge Investment Research Advisors Inc. raised its position in shares of VICI Properties by 1.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 133,455 shares of the company’s stock worth $4,255,000 after purchasing an additional 1,759 shares during the period. US Bancorp DE increased its holdings in shares of VICI Properties by 9.6% in the 4th quarter. US Bancorp DE now owns 319,554 shares of the company’s stock valued at $10,187,000 after purchasing an additional 28,016 shares during the period. Finally, Hilltop Holdings Inc. lifted its position in shares of VICI Properties by 48.2% in the fourth quarter. Hilltop Holdings Inc. now owns 12,998 shares of the company’s stock worth $414,000 after purchasing an additional 4,225 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VICI shares. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two 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, the company has a consensus rating of “Moderate Buy” and an average target price of $33.56.

VICI Properties Stock Performance

VICI stock opened at $33.26 on Tuesday. The firm has a 50 day moving average of $32.19 and a two-hundred day moving average of $29.96. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.29. The company has a market capitalization of $34.69 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 5.35 and a beta of 0.94. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64.

VICI Properties Increases Dividend

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

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.