Truvestments Capital LLC Buys 1,423 Shares of VICI Properties Inc. (NYSE:VICI)

Truvestments Capital LLC lifted its stake in VICI Properties Inc. (NYSE:VICI) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,989 shares of the company’s stock after acquiring an additional 1,423 shares during the period. VICI Properties accounts for 0.9% of Truvestments Capital LLC’s portfolio, making the stock its 27th largest position. 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.

A number of other hedge funds have also recently made changes to their positions in VICI. Boston Partners boosted its stake in VICI Properties by 35.8% in the first 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 in the last quarter. Los Angeles Capital Management LLC grew its stake in VICI Properties by 367.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after buying an additional 1,744,939 shares during the last quarter. Canada Pension Plan Investment Board increased its position in VICI Properties by 101.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock valued at $98,910,000 after buying an additional 1,739,147 shares in the last quarter. Hsbc Holdings PLC raised its stake in VICI Properties by 35.5% in the second quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock valued at $129,321,000 after buying an additional 1,185,463 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after acquiring an additional 770,195 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Up 0.6 %

NYSE:VICI opened at $32.42 on Monday. The firm has a market capitalization of $34.18 billion, a P/E ratio of 11.94, a PEG ratio of 4.27 and a beta of 0.94. The company’s fifty day moving average price is $32.42 and its 200-day moving average price is $31.02. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Increases Dividend

The business 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. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.34%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Analysts Set New Price Targets

Several research firms have recently issued reports on VICI. JMP Securities upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Evercore ISI raised their price target 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. Mizuho lowered their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Company 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.