Geode Capital Management LLC Acquires 608,696 Shares of VICI Properties Inc. (NYSE:VICI)

Geode Capital Management LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,475,659 shares of the company's stock after purchasing an additional 608,696 shares during the period. Geode Capital Management LLC owned 2.70% of VICI Properties worth $945,712,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP lifted its stake in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company's stock valued at $32,000 after buying an additional 999 shares during the period. UMB Bank n.a. lifted its stake in VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company's stock valued at $39,000 after buying an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its stake in VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock valued at $40,000 after buying an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in VICI Properties in the second quarter valued at about $43,000. Finally, Rothschild Investment LLC acquired a new stake in shares of VICI Properties during the second quarter worth about $47,000. Institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VICI. Wells Fargo & Company reaffirmed an "overweight" rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Wednesday. Mizuho dropped their price target on VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Thursday, November 14th. Finally, Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.00.

VICI Properties Stock Performance

Shares of VICI Properties stock traded down $0.22 during trading on Thursday, reaching $31.09. The company's stock had a trading volume of 3,738,079 shares, compared to its average volume of 5,610,886. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The business's 50-day moving average price is $32.09 and its 200-day moving average price is $31.22. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The firm has a market cap of $32.77 billion, a PE ratio of 11.51, a P/E/G ratio of 4.19 and a beta of 0.93.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties's payout ratio is presently 64.07%.

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.