GSA Capital Partners LLP Makes New $3.61 Million Investment in VICI Properties Inc. $VICI

GSA Capital Partners LLP purchased a new position in VICI Properties Inc. (NYSE:VICI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 136,079 shares of the company’s stock, valued at approximately $3,613,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after buying an additional 734,068 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of VICI Properties by 24.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company’s stock valued at $198,619,000 after buying an additional 1,406,897 shares during the last quarter. Wilsey Asset Management Inc. lifted its stake in shares of VICI Properties by 6.4% during the first quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company’s stock valued at $30,092,000 after buying an additional 65,853 shares during the period. Gabelli Funds LLC lifted its stake in shares of VICI Properties by 19.4% during the first quarter. Gabelli Funds LLC now owns 262,124 shares of the company’s stock valued at $7,161,000 after buying an additional 42,662 shares during the period. Finally, PensionDanmark Pensionsforsikringsaktieselskab boosted its position in VICI Properties by 26.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 560,609 shares of the company’s stock worth $14,884,000 after acquiring an additional 116,546 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on VICI. Wells Fargo & Company lowered their target price on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Raymond James Financial set a $29.00 price objective on VICI Properties in a report on Thursday. Royal Bank Of Canada started coverage on VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective for the company. Robert W. Baird set a $32.00 target price on VICI Properties in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald reduced their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.29.

VICI Properties Price Performance

VICI Properties stock opened at $26.34 on Friday. VICI Properties Inc. has a 1 year low of $25.82 and a 1 year high of $33.92. The firm has a 50 day moving average price of $26.77 and a 200 day moving average price of $27.91. The company has a market cap of $29.00 billion, a price-to-earnings ratio of 10.21 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.8%. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.