Westpac Banking Corp bought a new position in VICI Properties Inc. (NYSE:VICI – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 198,564 shares of the company’s stock, valued at approximately $5,272,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL raised its stake in VICI Properties by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock valued at $1,301,000 after acquiring an additional 384 shares in the last quarter. Corrado Advisors LLC lifted its holdings in shares of VICI Properties by 0.8% during the first quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock valued at $1,374,000 after purchasing an additional 393 shares during the last quarter. Farther Finance Advisors LLC grew its position in VICI Properties by 2.9% during the 4th quarter. Farther Finance Advisors LLC now owns 15,328 shares of the company’s stock worth $431,000 after purchasing an additional 434 shares in the last quarter. Beacon Investment Advisors LLC raised its position in VICI Properties by 3.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock valued at $393,000 after buying an additional 455 shares during the period. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of VICI Properties by 5.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock worth $244,000 after purchasing an additional 483 shares during the period. 97.71% of the stock is currently owned by institutional investors.
VICI Properties Price Performance
Shares of VICI opened at $26.55 on Friday. The stock has a market capitalization of $29.23 billion, a P/E ratio of 10.29 and a beta of 0.65. The company has a 50 day moving average of $26.59 and a 200-day moving average of $27.84. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. VICI Properties Inc. has a twelve month low of $25.81 and a twelve month high of $33.92.
VICI Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. VICI Properties’s payout ratio is 69.77%.
Analyst Ratings Changes
Several research analysts have recently commented on VICI shares. Royal Bank Of Canada started coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Barclays dropped their price objective on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $30.00 price target on VICI Properties in a research report on Friday, July 31st. Finally, Cantor Fitzgerald reduced their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.29.
Check Out Our Latest Stock Analysis on VICI
About VICI Properties
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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