Handelsbanken Fonder AB Has $21.27 Million Position in VICI Properties Inc. $VICI

Key Points

• Handelsbanken Fonder AB increased its VICI Properties stake by 13.3% in the second quarter, bringing its holdings to 801,215 shares valued at approximately $21.27 million. Institutional investors collectively own 97.71% of the company.
• Analysts remain cautious, with six Buy ratings and seven Hold ratings; VICI has an overall “Hold” consensus and an average price target of $31.46 after several firms lowered their targets.
• VICI shares opened at $26.10, near their 12-month low, while the REIT maintains a quarterly dividend of $0.45, or $1.80 annually, representing a yield of about 6.9%.

Handelsbanken Fonder AB lifted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 13.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 801,215 shares of the company's stock after purchasing an additional 93,831 shares during the period. Handelsbanken Fonder AB owned 0.07% of VICI Properties worth $21,272,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE boosted its stake in VICI Properties by 2.7% during the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company's stock worth $763,553,000 after purchasing an additional 734,068 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of VICI Properties by 24.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,063,264 shares of the company's stock valued at $198,619,000 after buying an additional 1,406,897 shares during the last quarter. Wilsey Asset Management Inc. lifted its stake in shares of VICI Properties by 6.4% in the first quarter. Wilsey Asset Management Inc. now owns 1,101,451 shares of the company's stock worth $30,092,000 after buying an additional 65,853 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of VICI Properties by 19.4% in the first quarter. Gabelli Funds LLC now owns 262,124 shares of the company's stock worth $7,161,000 after buying an additional 42,662 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd boosted its position in VICI Properties by 26.1% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 725,000 shares of the company's stock worth $20,424,000 after acquiring an additional 150,000 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on VICI shares. Wells Fargo & Company dropped their price objective on shares of VICI Properties from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 15th. Morgan Stanley lowered their target price on VICI Properties from $38.00 to $31.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Barclays dropped their price target on VICI Properties from $34.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Scotiabank cut their price target on VICI Properties from $32.00 to $29.00 and set a "sector perform" rating for the company in a report on Thursday, June 18th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of VICI Properties in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $31.46.

VICI Properties Trading Up 0.5%

Shares of VICI opened at $26.10 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. VICI Properties Inc. has a 12-month low of $25.82 and a 12-month high of $33.92. The firm has a 50-day moving average price of $26.82 and a 200 day moving average price of $27.94. The firm has a market capitalization of $28.74 billion, a P/E ratio of 10.12 and a beta of 0.65.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.9%. The ex-dividend date was Thursday, June 18th. VICI Properties's payout ratio is presently 69.77%.

VICI Properties Profile

VICI Properties NYSE: VICI is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company's portfolio is concentrated in major U.S.

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