Creative Planning, a renowned institutional investor, has recently revealed its latest investment strategy with VICI Properties Inc. (NYSE:VICI), one of the leading real estate investment trusts. According to the company’s most recent filing with the Securities and Exchange Commission, Creative Planning now holds an additional 6,910 shares in VICI Properties- a move which represents a 20.3% increase in its stake. This acquisition of stock brings Creative Planning’s total holdings in VICI Properties to 41,007 shares worth $1,329,000.
VICI Properties Inc. is an eminent player in the gaming, hospitality, and entertainment industry and owns various properties used for these purposes. The firm operates through two primary segments- Real Property Business and Golf Course Business– the former consists of leased property leased while the latter involves ownership of high-end golf courses.
As reported on Monday this week (reference date), VICI Properties’ shares were trading at $31.61 after opening at that price level earlier in the day. Its stocks have seen some volatility over this period as indicated by their fifty-day moving average of $32.15 and two-hundred-day moving average of $32.83; showing recent declines from the all-year highs achieved last year (12 month high was $35.69). Although it is relatively within acceptable margins for a highly valued company such as VICI Properties,, it trades rather high with earnings ratios such as 22.10 price-to-earnings ratio (P/E) compared to other industry participants.
Despite having a beta coefficient of 0.94 that is considered below market averages, investors should take note that investing in these types of investments usually carries more substantial than noticed risks; however this does not seem to bother institutional investors like Creative Planning.
The company also featured a price-to-earnings-growth ratio (PEG) of around 2..29 indicating that there may be a potential for growth and that it is currently undervalued, but a higher PEG could indicate otherwise. VICI Properties has a market capitalization value of $31.74 billion and a debt-to-equity ratio of 0.70, with quick as well as current ratios at approximately 1.81 indicating the company’s ability to meet its debt obligations in the short run.
In conclusion, VICI Properties remains a top choice for institutional investors despite market volatility on their stock price over recent months, proving to be profitable returns for anxious investors- such as Creative Planning who look to capitalize on opportunities within companies perceived as undervalued where many investors may have missed noticing it along the way. Nonetheless, it is highly recommended that investors continue performing thorough due diligence before investing in this or any other security-segmented firms.
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VICI Properties Sees Boost from Institutional Investors and Hedge Funds Amid Positive Recommendations and Dividend Confirmation
VICI Properties, a real estate investment trust that owns gaming, hospitality and entertainment destinations in North America, has recently seen a boost from institutional investors and hedge funds. AdvisorNet Financial Inc increased its stake by 69.7% during the 4th quarter to own 942 shares worth $31,000, while TCI Wealth Advisors Inc. boosted its holdings by 113.5% to own 946 shares worth $31,000 after acquiring an additional 503 shares. The investment firm Concord Wealth Partners snapped up a new position in VICI Properties during the same period worth approximately $39,000.
Brown Brothers Harriman & Co also acquired a new position in VICI Properties over the first quarter of this year amounting to around $47,000. Meanwhile CoreCap Advisors LLC bought into the company during Q4 last year picking up some shares valued at approximately $51,000.
Several equity research analysts who cover the gaming properties sector have given positive recommendations for VICI Properties stock in recent reports. Raymond James Engineering raised their target share price from ($36.) to ($37) on April 6th and confirmed an ‘outperform’ rating for the company. Similarly Mizuho outlined their affection for the entertainment destination member saying they have confidence with investing in VICI Properties and gave them a buy rating along with a target price of $35.00 as recently as April 5th.
Regardless of these warm opinions about stocks belonging to VICI Properties, early this year other professional prognosticators dished out moderate advice when they lowered their projections for financial performance of Victor Propp’s casino REIT relative to targets released prior their announcement; Wolfe Research was one such firm who downgraded non-investment levels valuation predictions from $46.00 per share to around the same level issued on revised market outlooks; theirs was set at $37 per share was established after they decreased Vic Prop’s grading from “outperform” to just a moderate “buy”. The guidance generated by Wolfe Research may suggest that investors should factor all analyses done on VICI Properties beforehand, and make their decision whether or not its investment potential is right for them.
VICI Properties confirmed a dividend in April of 2017, paying shareholders record holders on March 23rd $0.39 per share. This payout represents an annualized $1.56 payment amount and subsequently presents a yield of around 4.94% to investors; making it more attractive than comparable entertainment destination firms, as VICI’s ex-dividend date was set for Wednesday March 22nd to allow for full dividend claims on following days. While VICI Properties’ dividend payout ratio showed 109.09% presently, the company has still managed to appeal to institutional investors who added subsequent so much value as Victor Propp’s gaming REIT saw in Q4 last year whereover Advisors net Financial Inc bought nearly four hundred shares using just thirty one thousand dollars; even though projections earlier this year were less positive about capital growth opportunities caught by shares in this notoriously volatile market.