Catalyst Capital Advisors LLC Has $415,000 Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Catalyst Capital Advisors LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 93.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 14,475 shares of the company’s stock after purchasing an additional 7,000 shares during the period. Catalyst Capital Advisors LLC’s holdings in VICI Properties were worth $415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in VICI Properties by 4.6% in the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock worth $4,577,974,000 after acquiring an additional 6,755,553 shares in the last quarter. Capital International Investors raised its holdings in VICI Properties by 7.5% during the first quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock valued at $2,013,804,000 after buying an additional 4,728,903 shares in the last quarter. Capital Research Global Investors lifted its position in shares of VICI Properties by 8.7% in the first quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after buying an additional 3,001,793 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of VICI Properties by 132.0% during the 4th quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after acquiring an additional 19,788,229 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of VICI Properties during the 4th quarter valued at about $460,431,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on VICI. Mizuho boosted their target price on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Scotiabank upped their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.44.

VICI Properties Stock Performance

Shares of NYSE:VICI traded up $0.32 on Monday, hitting $33.22. 1,100,708 shares of the company were exchanged, compared to its average volume of 6,026,795. The company’s 50 day moving average price is $30.00 and its two-hundred day moving average price is $29.37. The firm has a market capitalization of $34.65 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 5.08 and a beta of 0.92. 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 one year low of $26.63 and a one year high of $33.25.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

VICI Properties 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.