Castellan Group Makes New Investment in VICI Properties Inc. $VICI

Castellan Group purchased a new stake in VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 168,848 shares of the company’s stock, valued at approximately $4,483,000. VICI Properties accounts for approximately 0.5% of Castellan Group’s holdings, making the stock its 15th largest holding.

Several other institutional investors have also modified their holdings of the business. Columbus Macro LLC increased its position in shares of VICI Properties by 6.0% during the second quarter. Columbus Macro LLC now owns 191,879 shares of the company’s stock worth $5,094,000 after acquiring an additional 10,785 shares during the period. ABN Amro Investment Solutions grew its stake in VICI Properties by 66.7% during the 2nd quarter. ABN Amro Investment Solutions now owns 72,368 shares of the company’s stock worth $1,921,000 after purchasing an additional 28,945 shares in the last quarter. Beaumont Asset Management L.L.C. grew its stake in VICI Properties by 9.4% during the 2nd quarter. Beaumont Asset Management L.L.C. now owns 18,182 shares of the company’s stock worth $483,000 after purchasing an additional 1,556 shares in the last quarter. Atlatl Advisers LLC purchased a new stake in VICI Properties during the 2nd quarter worth about $38,000. Finally, Exchange Traded Concepts LLC increased its holdings in VICI Properties by 12.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 179,957 shares of the company’s stock worth $4,778,000 after purchasing an additional 19,654 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VICI shares. Robert W. Baird set a $32.00 price objective on VICI Properties in a research note on Thursday, July 30th. Wells Fargo & Company reduced their target price on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Cantor Fitzgerald decreased their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday. Barclays dropped their price objective on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Finally, Scotiabank reduced their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.29.

VICI Properties Stock Performance

Shares of VICI opened at $26.34 on Friday. The company has a market capitalization of $29.00 billion, a price-to-earnings ratio of 10.21 and a beta of 0.65. VICI Properties Inc. has a 52-week low of $25.82 and a 52-week high of $33.92. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of $26.80 and a 200 day moving average price of $27.92.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. VICI Properties’s dividend payout ratio is presently 69.77%.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.