Mirae Asset Global Investments Co. Ltd. grew its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 141,213 shares of the company's stock after acquiring an additional 11,926 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in VICI Properties were worth $4,088,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC lifted its holdings in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after purchasing an additional 374 shares during the period. UMB Bank n.a. lifted its holdings in shares of VICI Properties by 37.4% during the third quarter. UMB Bank n.a. now owns 1,880 shares of the company's stock worth $63,000 after purchasing an additional 512 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock worth $65,000 after purchasing an additional 1,630 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of VICI Properties during the third quarter worth about $67,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of VICI Properties by 340.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company's stock worth $74,000 after purchasing an additional 1,700 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on VICI. Barclays decreased their target price on VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Truist Financial decreased their target price on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities reiterated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Mizuho reduced their price target on VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.22.
Read Our Latest Report on VICI
VICI Properties Price Performance
Shares of VICI Properties stock traded down $0.18 on Wednesday, reaching $29.82. The company's stock had a trading volume of 5,955,114 shares, compared to its average volume of 6,518,875. The company has a market capitalization of $31.44 billion, a P/E ratio of 11.04, a PEG ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The stock has a 50-day moving average price of $29.71 and a 200-day moving average price of $31.47. 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date was Tuesday, December 17th. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.
VICI Properties Profile
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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.
Further Reading
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