KBC Group NV boosted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 390.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374,081 shares of the company's stock after acquiring an additional 297,807 shares during the quarter. KBC Group NV's holdings in VICI Properties were worth $12,460,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in VICI. Intech Investment Management LLC grew its stake in shares of VICI Properties by 115.9% in the first quarter. Intech Investment Management LLC now owns 31,344 shares of the company's stock worth $934,000 after purchasing an additional 16,824 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of VICI Properties by 8.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company's stock worth $19,781,000 after buying 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 valued at approximately $557,000. Los Angeles Capital Management LLC raised its holdings in shares of VICI Properties by 367.8% during the third 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 in the last quarter. Finally, Cetera Investment Advisers lifted its stake in VICI Properties by 359.6% in the first quarter. Cetera Investment Advisers now owns 93,455 shares of the company's stock worth $2,784,000 after acquiring an additional 73,123 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.
VICI Properties Stock Performance
Shares of NYSE VICI traded up $0.37 during midday trading on Friday, reaching $31.67. 11,472,726 shares of the stock were exchanged, compared to its average volume of 4,601,995. 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 firm has a 50-day simple moving average of $32.58 and a two-hundred day simple moving average of $30.90. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The firm has a market cap of $33.39 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 4.20 and a beta of 0.94.
VICI Properties Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Wednesday, September 18th. This is a boost from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's payout ratio is 64.07%.
Analyst Ratings Changes
VICI has been the topic of several research reports. Evercore ISI lifted their price target on VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. JMP Securities increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a research note on Friday, November 1st. 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 note on Tuesday, October 1st. Finally, Mizuho decreased their target price on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $34.22.
View Our Latest Research 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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