Public Employees Retirement System of Ohio trimmed its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 23.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 407,931 shares of the company's stock after selling 122,133 shares during the quarter. Public Employees Retirement System of Ohio's holdings in VICI Properties were worth $13,588,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock worth $297,685,000 after purchasing an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock valued at $73,927,000 after purchasing an additional 1,744,939 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of VICI Properties by 101.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company's stock worth $98,910,000 after buying an additional 1,739,147 shares during the period. Hsbc Holdings PLC grew its holdings in shares of VICI Properties by 35.5% during the second quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company's stock valued at $129,321,000 after buying an additional 1,185,463 shares in the last quarter. Finally, State Street Corp raised its position in VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company's stock valued at $1,873,869,000 after buying an additional 1,164,717 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.
VICI Properties Stock Performance
Shares of VICI stock traded down $0.22 during trading on Thursday, reaching $31.09. The company had a trading volume of 3,738,079 shares, compared to its average volume of 5,610,886. The company has a market capitalization of $32.77 billion, a PE ratio of 11.67, a PEG ratio of 4.19 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm's 50 day simple moving average is $32.12 and its two-hundred day simple moving average is $31.22. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.
VICI Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Tuesday, December 17th. VICI Properties's dividend payout ratio is 64.07%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. JMP Securities reiterated a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Wednesday. Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Wells Fargo & Company reiterated an "overweight" rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Mizuho dropped their price objective on VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $34.00.
Get Our Latest Stock Report on VICI
VICI Properties Profile
(
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.
Featured Articles
Before you consider VICI Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VICI Properties wasn't on the list.
While VICI Properties currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.