Handelsbanken Fonder AB Has $16.39 Million Stake in VICI Properties Inc. (NYSE:VICI)

Handelsbanken Fonder AB raised its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 85.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 514,232 shares of the company's stock after buying an additional 236,430 shares during the quarter. Handelsbanken Fonder AB's holdings in VICI Properties were worth $16,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VICI. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of VICI Properties by 3.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 262,590 shares of the company's stock valued at $8,371,000 after purchasing an additional 7,805 shares during the period. Lindbrook Capital LLC lifted its holdings in VICI Properties by 24.7% in the 4th quarter. Lindbrook Capital LLC now owns 5,446 shares of the company's stock worth $174,000 after purchasing an additional 1,078 shares in the last quarter. abrdn plc lifted its holdings in VICI Properties by 3.8% in the 4th quarter. abrdn plc now owns 1,757,317 shares of the company's stock worth $56,023,000 after purchasing an additional 64,143 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in VICI Properties in the 4th quarter worth approximately $257,000. Finally, Xponance Inc. lifted its holdings in VICI Properties by 3.4% in the 4th quarter. Xponance Inc. now owns 203,920 shares of the company's stock worth $6,501,000 after purchasing an additional 6,645 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VICI shares. Wells Fargo & Company cut their target price on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 6th. Mizuho lowered their target price on VICI Properties from $34.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, March 7th. Finally, Morgan Stanley upped their target price on VICI Properties from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.36.

VICI Properties Price Performance

Shares of NYSE VICI traded down $0.15 during midday trading on Wednesday, hitting $28.43. The stock had a trading volume of 5,648,523 shares, compared to its average volume of 6,219,645. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.05. The company has a market capitalization of $29.66 billion, a PE ratio of 11.48, a P/E/G ratio of 6.30 and a beta of 0.90. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $29.07 and a 200-day simple moving average of $29.62.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.84%. VICI Properties's payout ratio is 66.94%.

Insider Buying and Selling

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the business's stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $28.85 per share, with a total value of $86,550.00. Following the completion of the purchase, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

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.