Vanguard Group Inc. Grows Holdings in VICI Properties Inc. $VICI

Vanguard Group Inc. raised its position in VICI Properties Inc. (NYSE:VICI) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,751,453 shares of the company’s stock after buying an additional 736,209 shares during the period. Vanguard Group Inc. owned approximately 0.15% of VICI Properties worth $5,111,665,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Wyoming purchased a new position in VICI Properties in the second quarter valued at about $26,000. Parvin Asset Management LLC acquired a new position in shares of VICI Properties in the 2nd quarter valued at approximately $27,000. Hantz Financial Services Inc. raised its position in shares of VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of VICI Properties during the 2nd quarter valued at approximately $28,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of VICI Properties during the third quarter worth approximately $29,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $29.85 on Wednesday. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $28.36 and its two-hundred day moving average price is $30.35. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.03. The stock has a market capitalization of $31.90 billion, a P/E ratio of 11.39, a P/E/G ratio of 2.91 and a beta of 0.70.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.0%. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VICI shares. Mizuho cut their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Stifel Nicolaus dropped their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a research note on Monday, January 5th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group lowered their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.85.

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.