Catalytic Wealth RIA LLC Invests $390,000 in VICI Properties Inc. (NYSE:VICI)

Catalytic Wealth RIA LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,621 shares of the company’s stock, valued at approximately $390,000.

A number of other hedge funds also recently added to or reduced their stakes in VICI. Tucker Asset Management LLC raised its position in shares of VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after acquiring an additional 1,020 shares in the last quarter. Quarry LP grew its stake in VICI Properties by 143.1% in the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after purchasing an additional 741 shares during the last quarter. UMB Bank n.a. raised its holdings in VICI Properties by 254.4% in 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. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VICI Properties during the second quarter valued at about $43,000. Finally, Rothschild Investment LLC purchased a new stake in VICI Properties during the second quarter valued at approximately $47,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

NYSE VICI traded up $0.42 during trading hours on Friday, reaching $33.48. The company’s stock had a trading volume of 5,545,702 shares, compared to its average volume of 6,006,041. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $33.51. The company’s 50-day moving average is $30.51 and its two-hundred day moving average is $29.50. The firm has a market capitalization of $34.93 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 5.21 and a beta of 0.92.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 4.96%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VICI shares. Scotiabank upped their price target on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Mizuho lifted their price target on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Evercore ISI increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $33.44.

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.