Catalytic Wealth RIA LLC Has $584,000 Holdings in VICI Properties Inc. (NYSE:VICI)

Catalytic Wealth RIA LLC grew its stake in VICI Properties Inc. (NYSE:VICI) by 28.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 17,525 shares of the company’s stock after buying an additional 3,904 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in VICI Properties were worth $584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of VICI Properties by 4.6% in the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after buying an additional 6,755,553 shares during the period. Capital International Investors boosted its holdings in VICI Properties by 7.5% during the first 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 boosted its holdings in VICI Properties by 8.7% during the first 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in VICI Properties by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after purchasing an additional 201,899 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in VICI Properties by 1.8% during the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after purchasing an additional 251,313 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VICI shares. JMP Securities increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Evercore ISI increased their price target 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.11.

VICI Properties Price Performance

Shares of VICI opened at $31.28 on Tuesday. The firm has a market capitalization of $32.97 billion, a PE ratio of 11.59, a PEG ratio of 4.80 and a beta of 0.94. The company’s 50-day moving average is $32.76 and its 200-day moving average is $30.84. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a $0.4325 dividend. The ex-dividend date 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 5.53%. VICI Properties’s dividend payout ratio is presently 64.07%.

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.