Landscape Capital Management L.L.C. Takes Position in VICI Properties Inc. (NYSE:VICI)

Landscape Capital Management L.L.C. purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 46,874 shares of the company’s stock, valued at approximately $1,561,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of VICI Properties in the 1st quarter worth approximately $117,000. EntryPoint Capital LLC boosted its stake in VICI Properties by 397.7% in the first quarter. EntryPoint Capital LLC now owns 2,832 shares of the company’s stock worth $84,000 after purchasing an additional 2,263 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in shares of VICI Properties by 96.9% during the first quarter. CreativeOne Wealth LLC now owns 29,092 shares of the company’s stock worth $867,000 after purchasing an additional 14,319 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of VICI Properties by 7.5% in the first quarter. Canada Pension Plan Investment Board now owns 1,714,400 shares of the company’s stock valued at $51,072,000 after buying an additional 119,130 shares in the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of VICI Properties by 3.4% in the first quarter. Gabelli Funds LLC now owns 154,215 shares of the company’s stock valued at $4,594,000 after buying an additional 5,000 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Up 1.0 %

NYSE VICI opened at $32.44 on Friday. 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 company has a market capitalization of $34.20 billion, a PE ratio of 12.01, a P/E/G ratio of 4.27 and a beta of 0.94. The stock has a 50-day simple moving average of $32.47 and a 200 day simple moving average of $30.97.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.33%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

Analyst Upgrades and Downgrades

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

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.