Lecap Asset Management Ltd. Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

Lecap Asset Management Ltd. increased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 647.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,450 shares of the company's stock after buying an additional 62,758 shares during the period. Lecap Asset Management Ltd.'s holdings in VICI Properties were worth $2,413,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VICI. LDR Capital Management LLC increased its position in shares of VICI Properties by 69.3% during the third quarter. LDR Capital Management LLC now owns 95,768 shares of the company's stock worth $3,190,000 after acquiring an additional 39,199 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in VICI Properties by 1,774.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,343 shares of the company's stock worth $78,000 after purchasing an additional 2,218 shares during the last quarter. Border to Coast Pensions Partnership Ltd acquired a new position in shares of VICI Properties in the 3rd quarter valued at approximately $10,794,000. Blue Trust Inc. raised its position in shares of VICI Properties by 103.9% in the 3rd quarter. Blue Trust Inc. now owns 3,526 shares of the company's stock valued at $117,000 after purchasing an additional 1,797 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its position in shares of VICI Properties by 4.1% during the third quarter. Capital Investment Advisors LLC now owns 276,760 shares of the company's stock worth $9,219,000 after buying an additional 10,815 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Up 0.6 %

Shares of NYSE:VICI opened at $32.77 on Wednesday. The company's fifty day moving average is $32.95 and its two-hundred day moving average is $30.47. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.29. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 5.21 and a beta of 0.93.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This is a positive change from VICI Properties's previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.28%. VICI Properties's dividend payout ratio is 68.38%.

Analyst Ratings Changes

VICI has been the topic of several recent analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI upped their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company 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. Based on data from MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and an average target price of $34.00.

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.

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