CreativeOne Wealth LLC Buys 28,058 Shares of VICI Properties Inc. (NYSE:VICI)

CreativeOne Wealth LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 59.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,575 shares of the company’s stock after purchasing an additional 28,058 shares during the quarter. CreativeOne Wealth LLC’s holdings in VICI Properties were worth $2,517,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VICI. Quarry LP grew its holdings in VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 999 shares during the period. UMB Bank n.a. boosted its position in shares of VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its position in shares of VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VICI Properties in the 2nd quarter valued at $43,000. Finally, Rothschild Investment LLC bought a new stake in VICI Properties in the 2nd quarter valued at $47,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

NYSE VICI opened at $32.60 on Thursday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $34.37 billion, a P/E ratio of 12.07, a P/E/G ratio of 4.31 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The firm has a 50-day moving average price of $32.36 and a two-hundred day moving average price of $31.07.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is currently 64.07%.

Analysts Set New Price Targets

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