Truvestments Capital LLC Boosts Stock Position in VICI Properties Inc. (NYSE:VICI)

Truvestments Capital LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,989 shares of the company’s stock after buying an additional 1,423 shares during the quarter. VICI Properties comprises about 0.9% of Truvestments Capital LLC’s investment portfolio, making the stock its 27th biggest holding. Truvestments Capital LLC’s holdings in VICI Properties were worth $3,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VICI. Quarry LP lifted its holdings in shares of VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares in the last quarter. UMB Bank n.a. raised its stake in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after acquiring an additional 982 shares during the period. Carmichael Hill & Associates Inc. raised its position in shares of VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after purchasing an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VICI Properties in the second quarter valued at about $43,000. Finally, Rothschild Investment LLC purchased a new position in VICI Properties in the 2nd quarter worth approximately $47,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

VICI opened at $32.42 on Monday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s fifty day simple moving average is $32.42 and its 200-day simple moving average is $31.02. The company has a market capitalization of $34.18 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 4.27 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.

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 dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. 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 5.34%. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Analyst Ratings Changes

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