325,000 Shares in VICI Properties Inc. (NYSE:VICI) Acquired by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd bought a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 325,000 shares of the company's stock, valued at approximately $10,794,000.

A number of other large investors have also modified their holdings of VICI. Park Avenue Securities LLC lifted its holdings in VICI Properties by 14.6% in the 1st quarter. Park Avenue Securities LLC now owns 16,738 shares of the company's stock worth $499,000 after buying an additional 2,134 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in VICI Properties by 28.6% in the first quarter. Gateway Investment Advisers LLC now owns 49,989 shares of the company's stock valued at $1,489,000 after purchasing an additional 11,120 shares during the last quarter. Beech Hill Advisors Inc. boosted its holdings in VICI Properties by 4.8% in the first quarter. Beech Hill Advisors Inc. now owns 95,726 shares of the company's stock valued at $2,852,000 after purchasing an additional 4,391 shares during the last quarter. Hazelview Securities Inc. grew its stake in VICI Properties by 27.8% during the 1st quarter. Hazelview Securities Inc. now owns 974,351 shares of the company's stock valued at $28,841,000 after purchasing an additional 211,650 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in VICI Properties by 10.5% during the 1st quarter. Sound Income Strategies LLC now owns 378,362 shares of the company's stock worth $11,271,000 after purchasing an additional 35,848 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Performance

VICI stock traded down $0.60 during trading on Monday, hitting $32.59. 3,822,160 shares of the company's stock traded hands, compared to its average volume of 5,770,023. The stock has a market capitalization of $34.00 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 5.21 and a beta of 0.93. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.29. The stock has a fifty day moving average price of $32.90 and a two-hundred day moving average price of $30.43. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This is a positive change from VICI Properties's previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.31%. VICI Properties's dividend payout ratio is 68.38%.

Analyst Ratings Changes

Several equities analysts have recently commented on VICI shares. Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Wells Fargo & Company reissued an "overweight" rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two 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, VICI Properties presently has an average rating of "Moderate Buy" and a consensus price target of $34.00.

VICI Properties Company 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.