Creative Planning Purchases 2,971 Shares of VICI Properties Inc. (NYSE:VICI)

Creative Planning raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,125 shares of the company’s stock after purchasing an additional 2,971 shares during the quarter. Creative Planning’s holdings in VICI Properties were worth $2,469,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Sound Income Strategies LLC increased its stake in VICI Properties by 7.9% during the 3rd quarter. Sound Income Strategies LLC now owns 454,044 shares of the company’s stock valued at $15,124,000 after purchasing an additional 33,346 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in VICI Properties by 340.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company’s stock valued at $74,000 after purchasing an additional 1,700 shares in the last quarter. LVW Advisors LLC increased its stake in VICI Properties by 108.4% during the 3rd quarter. LVW Advisors LLC now owns 24,861 shares of the company’s stock valued at $828,000 after purchasing an additional 12,929 shares in the last quarter. UMB Bank n.a. increased its stake in VICI Properties by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after purchasing an additional 512 shares in the last quarter. Finally, Pensionfund DSM Netherlands increased its stake in VICI Properties by 1.8% during the 3rd quarter. Pensionfund DSM Netherlands now owns 228,000 shares of the company’s stock valued at $7,595,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI opened at $32.10 on Monday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a market cap of $33.49 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 5.15 and a beta of 0.93. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.29. The firm’s fifty day simple moving average is $33.00 and its two-hundred day simple moving average is $30.55.

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 issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.39%. 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 presently 68.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VICI. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI increased their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.00.

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.