Intech Investment Management LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI – Free Report) by 1,240.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 679,747 shares of the company’s stock after buying an additional 629,038 shares during the quarter. Intech Investment Management LLC’s holdings in VICI Properties were worth $19,114,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of VICI. State of Wyoming acquired a new position in VICI Properties in the 2nd quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in VICI Properties during the second quarter worth approximately $28,000. BOKF NA bought a new stake in shares of VICI Properties during the third quarter worth approximately $30,000. Avalon Trust Co acquired a new position in shares of VICI Properties in the third quarter valued at approximately $35,000. Finally, Key Capital Management INC acquired a new position in shares of VICI Properties in the fourth quarter valued at approximately $37,000. Institutional investors own 97.71% of the company’s stock.
VICI Properties Trading Down 1.1%
VICI opened at $28.32 on Friday. The stock has a market capitalization of $30.27 billion, a price-to-earnings ratio of 9.70 and a beta of 0.67. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a twelve month low of $26.55 and a twelve month high of $34.01. The company has a 50-day simple moving average of $28.13 and a 200 day simple moving average of $28.56.
VICI Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, March 19th. This represents a $1.80 annualized dividend and a yield of 6.4%. VICI Properties’s dividend payout ratio is presently 61.64%.
Analyst Ratings Changes
Several research firms recently weighed in on VICI. Scotiabank lifted their price target on VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research report on Monday, May 4th. Barclays lifted their target price on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Mizuho reissued a “neutral” rating and issued a $30.00 price objective on shares of VICI Properties in a report on Wednesday, March 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.38.
View Our Latest Report on VICI Properties
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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