Cwm LLC Has $458,000 Stake in VICI Properties Inc. (NYSE:VICI)

Cwm LLC reduced its stake in VICI Properties Inc. (NYSE:VICI) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,763 shares of the company’s stock after selling 1,230 shares during the period. Cwm LLC’s holdings in VICI Properties were worth $458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VICI. Park Avenue Securities LLC increased its holdings in shares of VICI Properties by 14.6% in the first quarter. Park Avenue Securities LLC now owns 16,738 shares of the company’s stock valued at $499,000 after purchasing an additional 2,134 shares during the last quarter. Gateway Investment Advisers LLC grew its stake in shares of VICI Properties by 28.6% in the first quarter. Gateway Investment Advisers LLC now owns 49,989 shares of the company’s stock valued at $1,489,000 after acquiring an additional 11,120 shares in the last quarter. Beech Hill Advisors Inc. grew its stake in shares of VICI Properties by 4.8% in the first quarter. Beech Hill Advisors Inc. now owns 95,726 shares of the company’s stock valued at $2,852,000 after acquiring an additional 4,391 shares in the last quarter. Hazelview Securities Inc. grew its stake in shares of VICI Properties by 27.8% in the first quarter. Hazelview Securities Inc. now owns 974,351 shares of the company’s stock valued at $28,841,000 after acquiring an additional 211,650 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of VICI Properties by 10.5% in the first quarter. Sound Income Strategies LLC now owns 378,362 shares of the company’s stock valued at $11,271,000 after acquiring an additional 35,848 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VICI shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Evercore ISI increased 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

VICI Properties Stock Up 0.4 %

Shares of NYSE VICI opened at $33.19 on Monday. The company has a 50 day simple moving average of $32.90 and a 200 day simple moving average of $30.43. The firm has a market cap of $34.62 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 5.21 and a beta of 0.93. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is 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.