Ontario Teachers Pension Plan Board Purchases 40,157 Shares of VICI Properties Inc. $VICI

Ontario Teachers Pension Plan Board boosted its position in VICI Properties Inc. (NYSE:VICI) by 69.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,918 shares of the company’s stock after acquiring an additional 40,157 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in VICI Properties were worth $3,193,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VICI. Dynamic Advisor Solutions LLC boosted its holdings in shares of VICI Properties by 3.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock valued at $339,000 after purchasing an additional 337 shares in the last quarter. Heritage Wealth Advisors raised its holdings in shares of VICI Properties by 18.9% during the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after buying an additional 350 shares in the last quarter. Bell Investment Advisors Inc lifted its position in shares of VICI Properties by 32.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock worth $46,000 after buying an additional 351 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of VICI Properties by 4.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 8,462 shares of the company’s stock worth $276,000 after buying an additional 370 shares during the last quarter. Finally, World Investment Advisors boosted its stake in VICI Properties by 3.6% in the third quarter. World Investment Advisors now owns 11,353 shares of the company’s stock valued at $370,000 after buying an additional 397 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Scotiabank downgraded VICI Properties from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $36.00 to $30.00 in a research note on Friday, January 30th. Cantor Fitzgerald set a $33.00 price objective on shares of VICI Properties in a research report on Monday, January 5th. Mizuho dropped their price objective on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 17th. The Goldman Sachs Group decreased their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, Stifel Nicolaus lowered their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.85.

VICI Properties Stock Down 0.4%

NYSE:VICI opened at $29.73 on Thursday. VICI Properties Inc. has a one year low of $27.48 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The company has a market cap of $31.77 billion, a PE ratio of 11.35, a P/E/G ratio of 2.97 and a beta of 0.70. The firm’s 50 day simple moving average is $28.40 and its 200 day simple moving average is $30.34.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s payout ratio is 68.70%.

VICI Properties Company 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.