26,263 VICI Properties Inc. $VICI Shares Acquired by Signaturefd LLC

Signaturefd LLC raised its holdings in VICI Properties Inc. (NYSE:VICI) by 114.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,192 shares of the company’s stock after buying an additional 26,263 shares during the quarter. Signaturefd LLC’s holdings in VICI Properties were worth $1,130,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BG Investment Services LLC bought a new position in shares of VICI Properties in the third quarter valued at about $500,000. Evergreen Capital Management LLC grew its holdings in VICI Properties by 4.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 447,410 shares of the company’s stock worth $10,279,000 after acquiring an additional 18,445 shares during the last quarter. Tectonic Advisors LLC grew its holdings in VICI Properties by 18.2% during the 3rd quarter. Tectonic Advisors LLC now owns 532,627 shares of the company’s stock worth $12,234,000 after acquiring an additional 82,122 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in VICI Properties by 4.0% during the 3rd quarter. Capital Investment Advisors LLC now owns 494,220 shares of the company’s stock worth $11,352,000 after acquiring an additional 18,982 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in VICI Properties in the 3rd quarter valued at about $544,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Down 1.2%

Shares of VICI stock opened at $23.72 on Wednesday. VICI Properties Inc. has a 52-week low of $22.42 and a 52-week high of $30.88. The firm’s 50 day moving average price is $24.28 and its two-hundred day moving average price is $27.01.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.09). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.47 earnings per share for the current fiscal year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial dropped their target price on shares of VICI Properties from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a report on Friday, July 31st. Citizens Jmp dropped their price objective on shares of VICI Properties from $35.00 to $31.00 and set a “market outperform” rating for the company in a research report on Friday, October 2nd. Finally, Evercore set a $30.00 price objective on VICI Properties in a report on Monday, September 21st. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $29.81.

About VICI Properties

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.