VICI Properties Inc. (NYSE:VICI) Stock Holdings Boosted by Hourglass Capital LLC

Hourglass Capital LLC raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,751 shares of the company’s stock after purchasing an additional 7,867 shares during the quarter. Hourglass Capital LLC’s holdings in VICI Properties were worth $5,721,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of VICI Properties by 15.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock valued at $56,079,000 after purchasing an additional 246,983 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of VICI Properties by 115.9% in the first quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after purchasing an additional 16,824 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of VICI Properties by 14.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock valued at $14,437,000 after purchasing an additional 59,613 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of VICI Properties by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after acquiring an additional 47,953 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of VICI Properties during the second quarter worth $557,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

NYSE VICI opened at $31.30 on Thursday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The stock’s 50-day moving average is $32.67 and its two-hundred day moving average is $30.86. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm has a market cap of $33.00 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 4.14 and a beta of 0.94.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Wall Street Analysts Forecast Growth

VICI has been the subject of several recent research reports. Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, JMP Securities increased their price objective on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.11.

VICI Properties Company 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.