National Bank of Canada FI Has $21.37 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

National Bank of Canada FI increased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 641,565 shares of the company's stock after buying an additional 35,090 shares during the quarter. National Bank of Canada FI owned about 0.06% of VICI Properties worth $21,371,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VICI. State Street Corp increased its holdings in shares of VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company's stock worth $1,873,869,000 after acquiring an additional 1,164,717 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company's stock valued at $419,073,000 after purchasing an additional 201,899 shares during the period. Legal & General Group Plc raised its holdings in shares of VICI Properties by 1.8% during the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company's stock valued at $413,163,000 after buying an additional 251,313 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of VICI Properties by 6.6% during the second quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company's stock worth $345,530,000 after buying an additional 751,078 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock worth $393,847,000 after buying an additional 770,195 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Mizuho reduced their price target on VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research report on Thursday, November 14th. Evercore ISI upped their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. JMP Securities raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company a "market outperform" rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $34.00.

VICI Properties Price Performance

Shares of NYSE:VICI traded down $0.32 during trading hours on Tuesday, hitting $31.44. 4,536,036 shares of the company's stock traded hands, compared to its average volume of 5,623,221. The company's fifty day simple moving average is $32.17 and its two-hundred day simple moving average is $31.20. The company has a market cap of $33.14 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Tuesday, December 17th. VICI Properties's payout ratio is 64.07%.

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.