Centaurus Financial Inc. Makes New $1.27 Million Investment in VICI Properties Inc. (NYSE:VICI)

Centaurus Financial Inc. bought a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,972 shares of the company’s stock, valued at approximately $1,265,000.

A number of other hedge funds have also recently modified their holdings of VICI. Boston Partners grew its position in VICI Properties by 35.8% in the 1st quarter. Boston Partners now owns 8,631,164 shares of the company’s stock valued at $257,094,000 after acquiring an additional 2,275,381 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of 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 purchasing an additional 1,744,939 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of VICI Properties by 101.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock worth $98,910,000 after purchasing an additional 1,739,147 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of VICI Properties by 35.5% in the second quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock worth $129,321,000 after purchasing an additional 1,185,463 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after buying an additional 770,195 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

VICI Properties Trading Down 0.4 %

Shares of NYSE:VICI opened at $32.23 on Monday. The company has a market capitalization of $33.98 billion, a PE ratio of 11.94, a P/E/G ratio of 4.27 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The business’s fifty day simple moving average is $32.42 and its 200-day simple moving average is $31.02.

VICI Properties Increases Dividend

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