HGI Capital Management LLC Makes New $3.35 Million Investment in VICI Properties Inc. (NYSE:VICI)

HGI Capital Management LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 100,554 shares of the company’s stock, valued at approximately $3,349,000. VICI Properties comprises 2.9% of HGI Capital Management LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after purchasing an additional 7,658,819 shares during the last quarter. Boston Partners lifted its stake in shares of VICI Properties by 35.8% during the first quarter. Boston Partners now owns 8,631,164 shares of the company’s stock worth $257,094,000 after buying an additional 2,275,381 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after buying an additional 1,744,939 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of VICI Properties by 101.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock valued at $98,910,000 after acquiring an additional 1,739,147 shares during the period. Finally, Hsbc Holdings PLC raised its stake in VICI Properties by 35.5% in the 2nd quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock worth $129,321,000 after acquiring an additional 1,185,463 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VICI. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI increased their price target 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. Mizuho decreased their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Finally, JMP Securities increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Trading Up 0.7 %

Shares of VICI Properties stock opened at $32.60 on Friday. The firm has a 50-day simple moving average of $32.35 and a two-hundred day simple moving average of $31.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a market cap of $34.37 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 4.32 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is currently 64.07%.

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.