Banque Cantonale Vaudoise lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 169.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,960 shares of the company's stock after acquiring an additional 18,201 shares during the period. Banque Cantonale Vaudoise's holdings in VICI Properties were worth $965,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Handelsbanken Fonder AB grew its position in VICI Properties by 8.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company's stock worth $19,781,000 after purchasing an additional 47,953 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of VICI Properties during the second quarter worth about $557,000. Los Angeles Capital Management LLC increased its position in VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock valued at $73,927,000 after acquiring an additional 1,744,939 shares during the period. Cetera Investment Advisers increased its position in VICI Properties by 359.6% in the 1st quarter. Cetera Investment Advisers now owns 93,455 shares of the company's stock valued at $2,784,000 after acquiring an additional 73,123 shares during the period. Finally, Czech National Bank raised its stake in VICI Properties by 9.2% during the 2nd quarter. Czech National Bank now owns 198,788 shares of the company's stock valued at $5,693,000 after acquiring an additional 16,761 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have weighed in on VICI. Mizuho lowered their target price on VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, November 14th. JMP Securities lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company a "market outperform" rating in a research report on Friday, November 1st. Evercore ISI upped their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and an average price target of $34.22.
Check Out Our Latest Analysis on VICI
VICI Properties Stock Performance
Shares of VICI opened at $32.12 on Thursday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a 50-day simple moving average of $32.47 and a 200-day simple moving average of $30.97. The company has a market capitalization of $33.86 billion, a PE ratio of 11.90, a P/E/G ratio of 4.27 and a beta of 0.94.
VICI Properties Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.39%. This is an increase from VICI Properties's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.
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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