CreativeOne Wealth LLC Increases Position in VICI Properties Inc. (NYSE:VICI)

CreativeOne Wealth LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 59.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,575 shares of the company’s stock after acquiring an additional 28,058 shares during the quarter. CreativeOne Wealth LLC’s holdings in VICI Properties were worth $2,517,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Glenmede Trust Co. NA boosted its position 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 worth $1,046,000 after buying an additional 543 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of VICI Properties by 80.9% in the third quarter. BNP Paribas Financial Markets now owns 1,673,230 shares of the company’s stock valued at $55,735,000 after buying an additional 748,378 shares in the last quarter. Avestar Capital LLC bought a new position in shares of VICI Properties in the third quarter valued at $253,000. Brooklyn Investment Group acquired a new stake in VICI Properties during the 3rd quarter valued at $145,000. Finally, D.A. Davidson & CO. raised its stake in VICI Properties by 35.9% during the 3rd quarter. D.A. Davidson & CO. now owns 10,654 shares of the company’s stock valued at $355,000 after purchasing an additional 2,815 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

NYSE:VICI opened at $32.60 on Thursday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $34.37 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 4.31 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The firm has a 50-day moving average price of $32.36 and a 200 day moving average price of $31.07.

VICI Properties Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on VICI. Mizuho lowered their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, November 14th. Evercore ISI upped their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, JMP Securities boosted 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, November 1st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.22.

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.