Nomura Asset Management Co. Ltd. raised its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,644,563 shares of the company's stock after acquiring an additional 38,720 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.16% of VICI Properties worth $54,780,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Carmel Capital Partners LLC lifted its holdings in VICI Properties by 1.0% in the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company's stock valued at $1,177,000 after acquiring an additional 367 shares during the period. Montag A & Associates Inc. increased its holdings in shares of VICI Properties by 3.3% during the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company's stock valued at $357,000 after purchasing an additional 389 shares in the last quarter. MAS Advisors LLC lifted its stake in shares of VICI Properties by 2.8% in the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company's stock valued at $422,000 after purchasing an additional 398 shares during the period. Insight Folios Inc boosted its holdings in VICI Properties by 2.5% during the third quarter. Insight Folios Inc now owns 18,035 shares of the company's stock worth $601,000 after buying an additional 433 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in VICI Properties by 23.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company's stock valued at $78,000 after buying an additional 442 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. JMP Securities upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Mizuho reduced their price target on VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a report on Thursday, November 14th. Wells Fargo & Company reiterated 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. Finally, Evercore ISI boosted their price objective on VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.00.
View Our Latest Analysis on VICI Properties
VICI Properties Price Performance
NYSE:VICI traded down $0.32 during trading hours on Tuesday, hitting $31.44. 4,536,036 shares of the stock were exchanged, compared to its average volume of 5,623,221. The firm's fifty day moving average price is $32.15 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 company has a market cap of $33.14 billion, a P/E ratio of 11.64, a P/E/G ratio of 4.19 and a beta of 0.93. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.
VICI Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.50%. VICI Properties's payout ratio is currently 64.07%.
VICI Properties Company 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.
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