Land & Buildings Investment Management LLC Raises Stake in VICI Properties Inc. (NYSE:VICI)

Land & Buildings Investment Management LLC raised its position in VICI Properties Inc. (NYSE:VICI) by 14.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 639,630 shares of the company’s stock after purchasing an additional 79,510 shares during the period. VICI Properties accounts for 4.3% of Land & Buildings Investment Management LLC’s investment portfolio, making the stock its 15th largest holding. Land & Buildings Investment Management LLC owned approximately 0.06% of VICI Properties worth $18,319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tucker Asset Management LLC raised 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 purchasing an additional 1,020 shares in the last quarter. UMB Bank n.a. raised its stake in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after acquiring an additional 982 shares in the last quarter. Quarry LP lifted its position in VICI Properties by 143.1% in the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after acquiring an additional 741 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its stake in VICI Properties by 363.2% in the second 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 in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VICI Properties during the second quarter worth about $43,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

Shares of VICI opened at $33.26 on Tuesday. 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’s 50 day moving average is $32.19 and its two-hundred day moving average is $29.96. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.29. The firm has a market capitalization of $34.69 billion, a PE ratio of 13.14, a P/E/G ratio of 5.35 and a beta of 0.94.

VICI Properties Increases Dividend

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

Wall Street Analyst Weigh In

VICI has been the subject of several research reports. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a report on Friday, June 21st. Evercore ISI boosted their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $33.56.

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.