ExodusPoint Capital Management LP Grows Position in VICI Properties Inc. (NYSE:VICI)

ExodusPoint Capital Management LP raised its holdings in shares of VICI Properties Inc. (NYSE:VICIFree Report) by 16.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 477,840 shares of the company’s stock after purchasing an additional 66,152 shares during the quarter. ExodusPoint Capital Management LP’s holdings in VICI Properties were worth $15,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Retirement Group LLC bought a new position in shares of VICI Properties in the first quarter worth approximately $29,000. Register Financial Advisors LLC purchased a new position in shares of VICI Properties during the 1st quarter valued at about $33,000. Tucker Asset Management LLC purchased a new position in shares of VICI Properties during the 1st quarter valued at about $38,000. Spire Wealth Management lifted its position in shares of VICI Properties by 51.5% during the 1st quarter. Spire Wealth Management now owns 1,303 shares of the company’s stock valued at $43,000 after buying an additional 443 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in VICI Properties by 62.9% in the 2nd quarter. IFP Advisors Inc now owns 2,363 shares of the company’s stock worth $47,000 after purchasing an additional 912 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

Shares of VICI stock opened at $28.45 on Tuesday. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $35.07. The stock has a market capitalization of $29.43 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.86 and a beta of 0.97. The stock has a fifty day simple moving average of $28.96 and a two-hundred day simple moving average of $30.55. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.68.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.83%. This is a boost from VICI Properties’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, September 20th. VICI Properties’s dividend payout ratio is currently 69.46%.

Analysts Set New Price Targets

VICI has been the topic of a number of research analyst reports. Wells Fargo & Company started coverage on VICI Properties in a report on Wednesday, September 20th. They issued an “overweight” rating and a $36.00 price target on the stock. JMP Securities cut their target price on VICI Properties from $38.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Monday, October 16th. Wedbush initiated coverage on VICI Properties in a report on Tuesday, October 3rd. They set a “neutral” rating and a $31.00 price objective for the company. Finally, Morgan Stanley restated an “equal weight” rating and set a $32.00 price objective on shares of VICI Properties in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.36.

View Our Latest Stock Analysis on VICI

About VICI Properties

(Free Report)

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.

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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