Zurich Insurance Group Ltd FI Buys New Position in VICI Properties Inc. (NYSE:VICI)

Zurich Insurance Group Ltd FI purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 624,836 shares of the company's stock, valued at approximately $20,813,000. Zurich Insurance Group Ltd FI owned 0.06% of VICI Properties at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VICI. Carmel Capital Partners LLC increased its holdings in shares of VICI Properties by 1.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company's stock valued at $1,177,000 after purchasing an additional 367 shares during the period. Montag A & Associates Inc. increased its stake in VICI Properties by 3.3% in the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company's stock valued at $357,000 after buying an additional 389 shares during the period. MAS Advisors LLC lifted its position in VICI Properties by 2.8% in the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company's stock worth $422,000 after buying an additional 398 shares in the last quarter. Insight Folios Inc boosted its stake in shares of VICI Properties by 2.5% during the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company's stock valued at $601,000 after buying an additional 433 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of VICI Properties by 23.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company's stock valued at $78,000 after acquiring an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

VICI remained flat at $31.65 on Friday. The company had a trading volume of 4,069,284 shares, compared to its average volume of 4,547,312. The company has a market capitalization of $33.36 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock's fifty day simple moving average is $32.21 and its two-hundred day simple moving average is $31.17. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties's payout ratio is 64.07%.

Wall Street Analyst Weigh In

VICI has been the subject of several recent research reports. Wells Fargo & Company reiterated an "overweight" rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. JMP Securities raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a research note on Friday, November 1st. Mizuho lowered their price target on VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, November 14th. Finally, Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.22.

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.