Empowered Funds LLC Has $8.24 Million Stake in VICI Properties Inc. (NYSE:VICI)

Empowered Funds LLC trimmed its stake in VICI Properties Inc. (NYSE:VICI) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,339 shares of the company’s stock after selling 7,538 shares during the period. Empowered Funds LLC’s holdings in VICI Properties were worth $8,239,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VICI. Vanguard Group Inc. raised its position in shares of VICI Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after acquiring an additional 6,755,553 shares during the period. Capital International Investors lifted its holdings in VICI Properties by 7.5% during the 1st quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after purchasing an additional 4,728,903 shares during the last quarter. Capital Research Global Investors raised its stake in VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after purchasing an additional 3,001,793 shares in the last quarter. Boston Partners grew its holdings in shares of VICI Properties by 35.8% during the 1st quarter. Boston Partners now owns 8,631,164 shares of the company’s stock worth $257,094,000 after purchasing an additional 2,275,381 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after purchasing an additional 1,744,939 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of VICI stock opened at $31.66 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market cap of $33.38 billion, a P/E ratio of 11.73, a P/E/G ratio of 4.15 and a beta of 0.94. The business’s 50 day moving average price is $32.58 and its 200-day moving average price is $30.88. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.46%. VICI Properties’s payout ratio is currently 64.07%.

Wall Street Analysts Forecast Growth

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