Van ECK Associates Corp grew its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 512,608 shares of the company's stock after acquiring an additional 32,525 shares during the quarter. Van ECK Associates Corp's holdings in VICI Properties were worth $16,342,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of VICI. Valeo Financial Advisors LLC increased its position in shares of VICI Properties by 13.4% in the third quarter. Valeo Financial Advisors LLC now owns 9,176 shares of the company's stock worth $267,000 after purchasing an additional 1,086 shares during the period. Commonwealth Equity Services LLC raised its position in VICI Properties by 31.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 139,868 shares of the company's stock worth $4,070,000 after purchasing an additional 33,854 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in VICI Properties by 19.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 459,442 shares of the company's stock worth $13,370,000 after buying an additional 75,257 shares during the period. Xponance Inc. grew its position in shares of VICI Properties by 1.0% in the 3rd quarter. Xponance Inc. now owns 197,275 shares of the company's stock valued at $5,741,000 after buying an additional 1,942 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of VICI Properties by 3.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 463,227 shares of the company's stock valued at $13,480,000 after buying an additional 13,768 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of VICI Properties stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $28.85 per share, with a total value of $86,550.00. Following the transaction, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on VICI. Morgan Stanley upped their target price on VICI Properties from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Monday, March 18th. Mizuho decreased their price objective on shares of VICI Properties from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, March 7th. Finally, Wells Fargo & Company dropped their target price on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, VICI Properties has an average rating of "Moderate Buy" and a consensus target price of $34.10.
View Our Latest Research Report on VICI Properties
VICI Properties Stock Down 0.3 %
VICI traded down $0.09 during midday trading on Thursday, hitting $28.81. The company had a trading volume of 12,249,020 shares, compared to its average volume of 6,290,470. The company has a market capitalization of $30.05 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 6.42 and a beta of 0.90. The stock's 50 day moving average price is $28.97 and its 200 day moving average price is $29.60. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $33.40.
VICI Properties Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties's dividend payout ratio (DPR) is currently 66.94%.
About VICI Properties
(
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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