Castellan Group Takes $4.48 Million Position in VICI Properties Inc. $VICI

Key Points

• Castellan Group acquired 168,848 shares of VICI Properties in the second quarter, worth approximately $4.48 million and representing about 0.5% of its portfolio.
• Institutional investors own 97.71% of VICI’s outstanding shares, while analysts maintain a consensus “Hold” rating with an average price target of $31.29.
• VICI shares opened at $26.34, and the REIT’s quarterly dividend of $0.45 represents an annualized payout of $1.80 and a 6.8% yield.

Castellan Group acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 168,848 shares of the company's stock, valued at approximately $4,483,000. VICI Properties accounts for about 0.5% of Castellan Group's investment portfolio, making the stock its 15th biggest position.

A number of other institutional investors also recently bought and sold shares of the company. Bayban purchased a new stake in shares of VICI Properties in the 4th quarter valued at approximately $25,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of VICI Properties during the 1st quarter valued at approximately $25,000. State of Wyoming acquired a new position in VICI Properties in the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. acquired a new position in VICI Properties in the fourth quarter valued at approximately $28,000. Finally, Headlands Technologies LLC purchased a new position in VICI Properties in the second quarter worth approximately $28,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of VICI Properties in a research note on Wednesday, June 24th. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a report on Thursday, July 30th. Scotiabank decreased their target price on shares of VICI Properties from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research report on Thursday, June 18th. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a research note on Thursday. Finally, Royal Bank Of Canada started coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a "sector perform" rating and a $29.00 price target for the company. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $31.29.

VICI Properties Trading Up 1.0%

Shares of NYSE VICI opened at $26.34 on Friday. VICI Properties Inc. has a twelve month low of $25.82 and a twelve month high of $33.92. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $26.80 and a 200-day simple moving average of $27.92. The stock has a market capitalization of $29.00 billion, a PE ratio of 10.21 and a beta of 0.65.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties's payout ratio is currently 69.77%.

VICI Properties Profile

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.

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