First Trust Direct Indexing L.P. Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

First Trust Direct Indexing L.P. lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 12.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,691 shares of the company’s stock after buying an additional 3,244 shares during the period. First Trust Direct Indexing L.P.’s holdings in VICI Properties were worth $956,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. New York State Teachers Retirement System boosted its holdings in VICI Properties by 6.3% during the third quarter. New York State Teachers Retirement System now owns 1,081,274 shares of the company’s stock worth $36,017,000 after buying an additional 63,917 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in shares of VICI Properties by 13.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 93,843 shares of the company’s stock worth $3,126,000 after acquiring an additional 10,923 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of VICI Properties by 73.3% in the 3rd quarter. Pallas Capital Advisors LLC now owns 92,784 shares of the company’s stock worth $3,044,000 after acquiring an additional 39,248 shares during the period. Strategic Wealth Investment Group LLC increased its stake in VICI Properties by 5.6% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 207,296 shares of the company’s stock valued at $6,793,000 after purchasing an additional 10,923 shares in the last quarter. Finally, Vanderbilt University raised its holdings in VICI Properties by 19.5% during the third quarter. Vanderbilt University now owns 110,236 shares of the company’s stock worth $3,672,000 after purchasing an additional 17,980 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI opened at $31.43 on Friday. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company’s 50 day simple moving average is $33.01 and its 200 day simple moving average is $30.63. The stock has a market capitalization of $32.91 billion, a PE ratio of 11.64, a P/E/G ratio of 5.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.51%. VICI Properties’s payout ratio is currently 64.07%.

Wall Street Analyst Weigh In

Several analysts have weighed in on VICI shares. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI increased their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, JMP Securities lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.11.

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.