HGI Capital Management LLC Purchases New Position in VICI Properties Inc. (NYSE:VICI)

HGI Capital Management LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 100,554 shares of the company’s stock, valued at approximately $3,349,000. VICI Properties comprises about 2.9% of HGI Capital Management LLC’s portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after acquiring an additional 7,658,819 shares during the period. Public Sector Pension Investment Board raised its position in VICI Properties by 25.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 182,110 shares of the company’s stock worth $6,066,000 after purchasing an additional 37,205 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in VICI Properties by 68.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 877,427 shares of the company’s stock worth $29,227,000 after purchasing an additional 357,444 shares during the last quarter. CreativeOne Wealth LLC boosted its position in shares of VICI Properties by 59.0% during the third quarter. CreativeOne Wealth LLC now owns 75,575 shares of the company’s stock valued at $2,517,000 after buying an additional 28,058 shares during the period. Finally, Glenmede Trust Co. NA grew its stake in shares of VICI Properties by 1.8% during the third quarter. Glenmede Trust Co. NA now owns 31,415 shares of the company’s stock valued at $1,046,000 after buying an additional 543 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VICI. 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 report on Friday, November 1st. Mizuho lowered their target price 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. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Evercore ISI boosted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Price Performance

NYSE VICI opened at $32.60 on Friday. The company has a market cap of $34.37 billion, a PE ratio of 12.07, a P/E/G ratio of 4.32 and a beta of 0.94. The firm’s 50 day moving average price is $32.35 and its 200-day moving average price is $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 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This is an increase 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 dividend payout ratio (DPR) is currently 64.07%.

About VICI Properties

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.