Zurcher Kantonalbank Zurich Cantonalbank boosted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 38.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 688,291 shares of the company's stock after purchasing an additional 192,661 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of VICI Properties worth $21,943,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of VICI. RB Capital Management LLC lifted its position in VICI Properties by 19.5% in the 1st quarter. RB Capital Management LLC now owns 20,921 shares of the company's stock valued at $595,000 after purchasing an additional 3,415 shares during the last quarter. Private Advisor Group LLC bought a new stake in VICI Properties in the 1st quarter valued at about $357,000. MetLife Investment Management LLC bought a new stake in VICI Properties in the 1st quarter valued at about $358,000. Great West Life Assurance Co. Can lifted its position in VICI Properties by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 144,291 shares of the company's stock valued at $4,334,000 after purchasing an additional 485 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of VICI Properties by 11.9% during the 1st quarter. Yousif Capital Management LLC now owns 36,900 shares of the company's stock worth $1,050,000 after buying an additional 3,938 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.
Insider Transactions at VICI Properties
In other news, Director James R. Abrahamson bought 3,000 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, with a total value of $86,550.00. Following the completion of the transaction, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on VICI. Wells Fargo & Company dropped their price target on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 6th. Morgan Stanley boosted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Monday, March 18th. Finally, Mizuho dropped their price target on shares of VICI Properties from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $34.36.
Check Out Our Latest Stock Analysis on VICI
VICI Properties Price Performance
Shares of VICI traded up $0.31 during mid-day trading on Thursday, hitting $27.51. The company's stock had a trading volume of 4,865,764 shares, compared to its average volume of 6,162,399. The firm has a 50-day moving average price of $29.15 and a 200 day moving average price of $29.61. The stock has a market capitalization of $28.70 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 6.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.05.
VICI Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 6.03%. VICI Properties's dividend payout ratio is currently 66.94%.
VICI Properties Profile
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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.
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