Signaturefd LLC Buys 26,263 Shares of VICI Properties Inc. $VICI

Signaturefd LLC lifted its stake in VICI Properties Inc. (NYSE:VICI) by 114.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,192 shares of the company’s stock after acquiring an additional 26,263 shares during the quarter. Signaturefd LLC’s holdings in VICI Properties were worth $1,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new stake in VICI Properties in the 2nd quarter valued at $3,433,817,000. Bank of America Corp DE acquired a new position in VICI Properties in the 2nd quarter valued at $778,709,000. Legal & General Group Plc acquired a new position in VICI Properties in the 2nd quarter valued at $366,514,000. Man Group plc bought a new stake in shares of VICI Properties during the 2nd quarter valued at $318,249,000. Finally, Hsbc Holdings PLC bought a new stake in shares of VICI Properties during the 2nd quarter valued at $281,629,000. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

VICI has been the topic of several analyst reports. Robert W. Baird set a $32.00 target price on VICI Properties in a report on Thursday, July 30th. Truist Financial cut their price objective on shares of VICI Properties from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Weiss Ratings cut shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 9th. Barclays reduced their price objective on shares of VICI Properties from $31.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Finally, Morgan Stanley decreased their target price on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.81.

VICI Properties Stock Down 1.2%

Shares of VICI stock opened at $23.72 on Wednesday. The stock’s fifty day moving average price is $24.28 and its two-hundred day moving average price is $27.01. VICI Properties Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $30.88.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, analysts forecast that VICI Properties Inc. will post 2.47 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, September 17th. This represents a $1.84 annualized dividend and a dividend yield of 7.8%. This is an increase from VICI Properties’s previous quarterly dividend of $0.45.

VICI Properties Profile

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.