Pensionfund DSM Netherlands Lowers Stake in VICI Properties Inc. (NYSE:VICI)

Pensionfund DSM Netherlands reduced its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,000 shares of the company's stock after selling 42,000 shares during the period. VICI Properties accounts for 3.4% of Pensionfund DSM Netherlands' investment portfolio, making the stock its 8th biggest holding. Pensionfund DSM Netherlands' holdings in VICI Properties were worth $5,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in VICI Properties by 5.8% in the second quarter. Commonwealth Equity Services LLC now owns 144,103 shares of the company's stock valued at $4,127,000 after acquiring an additional 7,839 shares during the last quarter. TD Asset Management Inc boosted its holdings in VICI Properties by 4.2% in the second quarter. TD Asset Management Inc now owns 550,438 shares of the company's stock worth $15,765,000 after purchasing an additional 22,091 shares in the last quarter. National Bank of Canada FI increased its position in VICI Properties by 12.7% during the second quarter. National Bank of Canada FI now owns 606,475 shares of the company's stock worth $16,921,000 after buying an additional 68,263 shares during the last quarter. Arizona State Retirement System raised its holdings in VICI Properties by 0.7% during the second quarter. Arizona State Retirement System now owns 286,421 shares of the company's stock valued at $8,203,000 after buying an additional 1,875 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of VICI Properties by 109.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 474,439 shares of the company's stock worth $13,588,000 after acquiring an additional 248,154 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI traded up $0.10 during trading hours on Monday, reaching $29.56. 16,989,039 shares of the company traded hands, compared to its average volume of 9,591,669. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock's fifty day moving average is $31.04 and its 200 day moving average is $31.38. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The stock has a market cap of $31.16 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 4.12 and a beta of 0.94.

VICI Properties Dividend Announcement

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 given a $0.4325 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.85%. VICI Properties's dividend payout ratio is currently 64.07%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VICI. JMP Securities reissued a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Wednesday, December 11th. Mizuho reduced their price objective 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, November 14th. Wells Fargo & Company reiterated an "overweight" rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Wedbush raised shares of VICI Properties from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $34.00 to $33.00 in a research report on Thursday. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, VICI Properties has an average rating of "Moderate Buy" and a consensus price target of $34.43.

About VICI Properties

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.