Border to Coast Pensions Partnership Ltd Buys 130,000 Shares of VICI Properties Inc. (NYSE:VICI)

Border to Coast Pensions Partnership Ltd lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 455,000 shares of the company's stock after purchasing an additional 130,000 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in VICI Properties were worth $13,282,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of VICI. Empirical Asset Management LLC bought a new stake in shares of VICI Properties in the 4th quarter valued at about $1,141,000. Steph & Co. lifted its stake in shares of VICI Properties by 5.4% in the fourth quarter. Steph & Co. now owns 20,539 shares of the company's stock worth $600,000 after acquiring an additional 1,056 shares during the period. CHURCHILL MANAGEMENT Corp boosted its holdings in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock valued at $9,103,000 after acquiring an additional 8,834 shares during the last quarter. Park Avenue Securities LLC increased its position in VICI Properties by 14.4% during the 4th quarter. Park Avenue Securities LLC now owns 23,298 shares of the company's stock valued at $681,000 after purchasing an additional 2,924 shares during the period. Finally, Wright Investors Service Inc. raised its holdings in VICI Properties by 0.7% during the 4th quarter. Wright Investors Service Inc. now owns 73,031 shares of the company's stock worth $2,133,000 after purchasing an additional 485 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 0.3 %

NYSE:VICI traded up $0.08 on Friday, hitting $29.36. The stock had a trading volume of 10,796,162 shares, compared to its average volume of 5,733,146. 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 Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The business's fifty day moving average is $30.48 and its 200 day moving average is $31.39. The company has a market cap of $30.95 billion, a PE ratio of 10.87, a P/E/G ratio of 3.60 and a beta of 0.94.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.89%. The ex-dividend date was Tuesday, December 17th. VICI Properties's payout ratio is currently 64.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VICI shares. Mizuho reduced their price objective on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Wells Fargo & Company restated an "overweight" rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, 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 research note on Tuesday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $34.33.

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.