Red Cedar Investment Management LLC increases stake in VICI Properties Inc.

VICI Stock

Red Cedar Investment Management LLC increased its stake in VICI Properties Inc. (VICI:NYE) by 48.8% during the fourth quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired an additional 5,401 shares of the VICI stock, bringing its total shares to 16,460, worth $533,000 as of the filing.

Other institutional investors and hedge funds have also made moves in the company, including Vanguard Group Inc., State Street Corp, Dimensional Fund Advisors LP, Legal & General Group Plc, and Bank of New York Mellon Corp.

 

VICI Stock Price Analysis:

VICI Properties has been the subject of several analyst ratings, with nine buy ratings and one hold rating from analysts. The average price target for the VICI stock is $36.38. On Wednesday, the stock traded at $32.31, with a market cap of $32.45 billion, a PE ratio of 25.67, and a PEG ratio of 2.27.

VICI Ratings by Stock Target Advisor

VICI Stock Dividend:

On Thursday, April 6th, VICI Properties declared a quarterly dividend of $0.39 per share, payable to shareholders of record on Thursday, March 23rd. The ex-dividend date of this dividend was Wednesday, March 22nd. The company’s dividend payout ratio (DPR) is currently 123.81%.

 

Company Profile:

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations, including the world-renowned Caesars Palace.

VICI Properties’ national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars, and nightclubs.

Its properties are leased to industry-leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment, and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.

VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio.

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