FCG Investment Co Purchases New Shares in VICI Properties Inc. (NYSE:VICI)

FCG Investment Co acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,862 shares of the company’s stock, valued at approximately $1,694,000. VICI Properties accounts for 1.1% of FCG Investment Co’s portfolio, making the stock its 28th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in VICI Properties by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock worth $4,577,974,000 after buying an additional 6,755,553 shares in the last quarter. Capital International Investors increased its position in shares of VICI Properties by 7.5% during the first quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after purchasing an additional 4,728,903 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in VICI Properties by 37.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock valued at $337,029,000 after purchasing an additional 3,109,028 shares during the last quarter. Capital Research Global Investors lifted its holdings in VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock valued at $1,117,978,000 after purchasing an additional 3,001,793 shares in the last quarter. Finally, Boston Partners boosted its stake in VICI Properties by 35.8% during the 1st 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. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on VICI. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Evercore ISI raised their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

VICI Properties Stock Up 0.3 %

Shares of NYSE VICI opened at $32.19 on Monday. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.29. The company has a market capitalization of $33.71 billion, a P/E ratio of 12.59, a P/E/G ratio of 5.04 and a beta of 0.93. The company has a 50 day simple moving average of $33.00 and a 200-day simple moving average of $30.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.37%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is currently 67.84%.

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.