Rockefeller Capital Management L.P. raised its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 34.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 831,277 shares of the company’s stock after purchasing an additional 211,311 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in VICI Properties were worth $23,393,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors increased its stake in shares of VICI Properties by 160.4% during the fourth quarter. World Investment Advisors now owns 29,563 shares of the company’s stock worth $831,000 after buying an additional 18,210 shares during the period. Hsbc Holdings PLC lifted its stake in VICI Properties by 8.0% in the fourth quarter. Hsbc Holdings PLC now owns 8,433,668 shares of the company’s stock worth $237,187,000 after acquiring an additional 622,099 shares during the last quarter. Bayban purchased a new position in VICI Properties in the fourth quarter worth approximately $25,000. Rehmann Capital Advisory Group grew its holdings in VICI Properties by 5.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock worth $244,000 after acquiring an additional 483 shares in the last quarter. Finally, SHP Wealth Management acquired a new position in VICI Properties during the 4th quarter worth approximately $196,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.
VICI Properties Stock Down 0.7%
Shares of NYSE:VICI opened at $26.11 on Tuesday. The company has a market capitalization of $27.91 billion, a PE ratio of 8.94 and a beta of 0.65. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a twelve month low of $26.08 and a twelve month high of $34.01. The firm has a 50 day simple moving average of $28.16 and a 200-day simple moving average of $28.34.
VICI Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.9%. The ex-dividend date is Thursday, June 18th. VICI Properties’s dividend payout ratio is currently 61.64%.
Analyst Upgrades and Downgrades
VICI has been the topic of a number of analyst reports. Mizuho restated a “neutral” rating and issued a $30.00 price objective on shares of VICI Properties in a report on Wednesday, March 11th. Scotiabank lowered their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a report on Monday, May 4th. Robert W. Baird decreased their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Finally, Barclays upped their price objective on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.15.
Read Our Latest Stock Report on VICI
VICI Properties 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.
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