Verity & Verity LLC acquired a new position in VICI Properties Inc. (NYSE:VICI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 427,177 shares of the company's stock, valued at approximately $14,229,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Capital International Investors raised its stake 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 buying an additional 4,728,903 shares during the last quarter. Capital Research Global Investors raised its position in shares of VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company's stock worth $1,117,978,000 after acquiring an additional 3,001,793 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of VICI Properties by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company's stock valued at $419,073,000 after purchasing an additional 201,899 shares during the period. Legal & General Group Plc boosted its position in shares of VICI Properties by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company's stock valued at $413,163,000 after purchasing an additional 251,313 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in VICI Properties by 6.6% during the second quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company's stock worth $345,530,000 after purchasing an additional 751,078 shares during the period. Institutional investors own 97.71% of the company's stock.
VICI Properties Stock Up 1.0 %
Shares of NYSE VICI traded up $0.33 during trading on Tuesday, hitting $32.22. The stock had a trading volume of 4,425,863 shares, compared to its average volume of 5,700,283. The firm has a fifty day moving average of $32.51 and a two-hundred day moving average of $30.96. The company has a market capitalization of $33.97 billion, a PE ratio of 11.93, a PEG ratio of 4.20 and a beta of 0.94. 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 Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.
VICI Properties Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.37%. This is a boost from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's dividend payout ratio (DPR) is currently 64.07%.
Analyst Upgrades and Downgrades
VICI has been the topic of a number of research analyst reports. Wells Fargo & Company reissued an "overweight" rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. JMP Securities boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company a "market outperform" rating in a research note on Friday, November 1st. Finally, Mizuho lowered their price objective on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.22.
Read Our Latest Stock Report on VICI
About VICI Properties
(
Free Report)
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.
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