Cibc World Market Inc. Boosts Stock Holdings in VICI Properties Inc. $VICI

Cibc World Market Inc. grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 27.3% during the third quarter, Holdings Channel reports. The institutional investor owned 604,296 shares of the company’s stock after purchasing an additional 129,744 shares during the quarter. Cibc World Market Inc.’s holdings in VICI Properties were worth $19,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. NewEdge Advisors LLC boosted its holdings in VICI Properties by 204.4% in the 1st quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after buying an additional 25,234 shares during the period. Woodline Partners LP raised its stake in shares of VICI Properties by 41.3% during the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock valued at $2,905,000 after purchasing an additional 26,017 shares during the period. Apollon Wealth Management LLC grew its holdings in VICI Properties by 5.2% during the 2nd quarter. Apollon Wealth Management LLC now owns 15,102 shares of the company’s stock valued at $492,000 after buying an additional 746 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of VICI Properties by 1.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 671,335 shares of the company’s stock valued at $22,141,000 after acquiring an additional 10,223 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in VICI Properties by 11.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,345 shares of the company’s stock worth $1,609,000 after purchasing an additional 4,972 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $29.06 on Friday. 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 stock has a market cap of $31.06 billion, a PE ratio of 11.09, a PEG ratio of 2.90 and a beta of 0.70. The company’s fifty day moving average is $28.25 and its 200 day moving average is $30.45. VICI Properties Inc. has a 52 week low of $27.48 and a 52 week high of $34.03.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of recent analyst reports. Evercore reiterated an “in-line” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Stifel Nicolaus lowered their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Cantor Fitzgerald set a $33.00 price objective on shares of VICI Properties in a research report on Monday, January 5th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.85.

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.