Landscape Capital Management L.L.C. Invests $1.56 Million in VICI Properties Inc. (NYSE:VICI)

Landscape Capital Management L.L.C. acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 46,874 shares of the company’s stock, valued at approximately $1,561,000.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of VICI Properties in the first quarter valued at about $117,000. EntryPoint Capital LLC increased its holdings in shares of VICI Properties by 397.7% during the first quarter. EntryPoint Capital LLC now owns 2,832 shares of the company’s stock worth $84,000 after purchasing an additional 2,263 shares during the period. CreativeOne Wealth LLC raised its position in shares of VICI Properties by 96.9% in the first quarter. CreativeOne Wealth LLC now owns 29,092 shares of the company’s stock valued at $867,000 after buying an additional 14,319 shares in the last quarter. Canada Pension Plan Investment Board grew its position in VICI Properties by 7.5% during the first quarter. Canada Pension Plan Investment Board now owns 1,714,400 shares of the company’s stock worth $51,072,000 after buying an additional 119,130 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in VICI Properties by 3.4% during the 1st quarter. Gabelli Funds LLC now owns 154,215 shares of the company’s stock worth $4,594,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock opened at $32.44 on Friday. The firm has a 50 day moving average of $32.47 and a 200-day moving average of $30.97. The company has a market cap of $34.20 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.33%. The ex-dividend date was Wednesday, September 18th. VICI Properties’s payout ratio is 64.07%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JMP Securities upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Evercore ISI lifted their price objective 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. Mizuho reduced their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, November 14th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.22.

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.