Brooklyn Investment Group Makes New $145,000 Investment in VICI Properties Inc. (NYSE:VICI)

Brooklyn Investment Group acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the third quarter, Holdings Channel reports. The institutional investor acquired 4,361 shares of the company’s stock, valued at approximately $145,000.

Several other institutional investors have also recently modified their holdings of VICI. Boston Partners raised its stake in shares of VICI Properties by 35.8% in the first quarter. Boston Partners now owns 8,631,164 shares of the company’s stock worth $257,094,000 after purchasing an additional 2,275,381 shares during the last quarter. Los Angeles Capital Management LLC raised its position in 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 acquiring an additional 1,744,939 shares in the last quarter. Canada Pension Plan Investment Board raised its position in VICI Properties by 101.4% during the second 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 in the last quarter. Hsbc Holdings PLC raised its position in VICI Properties by 35.5% during the second quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock valued at $129,321,000 after acquiring an additional 1,185,463 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after acquiring an additional 770,195 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $32.60 on Thursday. 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 business’s 50 day moving average price is $32.36 and its 200-day moving average price is $31.07. The firm has a market capitalization of $34.37 billion, a PE ratio of 12.07, a P/E/G ratio of 4.31 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VICI. Mizuho reduced their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, November 14th. Evercore ISI lifted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, JMP Securities boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $34.22.

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.