Blake Schutter Theil Wealth Advisors LLC bought a new position in VICI Properties Inc. (NYSE:VICI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,208 shares of the company's stock, valued at approximately $540,000.
Several other hedge funds and other institutional investors also recently modified their holdings of VICI. Vanguard Group Inc. increased its position in shares of VICI Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company's stock worth $4,577,974,000 after purchasing an additional 6,755,553 shares during the last quarter. Capital International Investors boosted its holdings in shares of VICI Properties by 7.5% in the 1st quarter. Capital International Investors now owns 67,600,000 shares of the company's stock valued at $2,013,804,000 after buying an additional 4,728,903 shares during the period. Capital Research Global Investors boosted its holdings 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 valued at $1,117,978,000 after buying an additional 3,001,793 shares during the period. Boston Partners boosted its holdings in shares of VICI Properties by 35.8% in the 1st quarter. Boston Partners now owns 8,631,164 shares of the company's stock valued at $257,094,000 after buying an additional 2,275,381 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of VICI Properties by 101.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company's stock valued at $98,910,000 after buying an additional 1,739,147 shares during the period. Institutional investors own 97.71% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. JMP Securities boosted their target price 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. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two equities research 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, VICI Properties has an average rating of "Moderate Buy" and an average price target of $34.11.
Check Out Our Latest Report on VICI Properties
VICI Properties Stock Down 0.6 %
NYSE:VICI traded down $0.19 on Thursday, hitting $30.92. 5,265,142 shares of the company's stock traded hands, compared to its average volume of 5,707,648. The company has a market cap of $32.59 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 4.98 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $32.89 and a 200-day moving average price of $30.76.
VICI Properties Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This is a boost from VICI Properties's previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.60%. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.
VICI Properties Company Profile
(
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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