EntryPoint Capital LLC Boosts Holdings in VICI Properties Inc. (NYSE:VICI)

EntryPoint Capital LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 397.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,832 shares of the company’s stock after purchasing an additional 2,263 shares during the period. EntryPoint Capital LLC’s holdings in VICI Properties were worth $84,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of VICI Properties by 4.6% in the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after buying an additional 6,755,553 shares during the last quarter. Capital International Investors raised its position in shares of VICI Properties by 17.4% in the fourth quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock valued at $2,004,648,000 after buying an additional 9,317,582 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of VICI Properties by 132.0% in the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after buying an additional 19,788,229 shares during the last quarter. Norges Bank acquired a new stake in shares of VICI Properties in the fourth quarter valued at about $460,431,000. Finally, Dimensional Fund Advisors LP raised its position in shares of VICI Properties by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,294,012 shares of the company’s stock valued at $455,700,000 after buying an additional 84,662 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

Shares of NYSE VICI traded up $0.46 during midday trading on Friday, hitting $30.94. The company’s stock had a trading volume of 2,175,284 shares, compared to its average volume of 6,243,210. The business’s fifty day simple moving average is $28.79 and its two-hundred day simple moving average is $29.26. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $33.40. The firm has a market capitalization of $32.28 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 2.67 and a beta of 0.92.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented 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. Scotiabank raised their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Mizuho raised their price objective on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.44.

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.