PensionDanmark Pensionsforsikringsaktieselskab Has $14.88 Million Stock Holdings in VICI Properties Inc. $VICI

PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 26.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 560,609 shares of the company’s stock after purchasing an additional 116,546 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in VICI Properties were worth $14,884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bayban bought a new position in VICI Properties in the 4th quarter worth approximately $25,000. Dynamic Wealth Strategies LLC bought a new stake in shares of VICI Properties in the first quarter valued at approximately $25,000. State of Wyoming bought a new stake in shares of VICI Properties in the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. acquired a new stake in shares of VICI Properties in the fourth quarter worth $28,000. Finally, Headlands Technologies LLC acquired a new stake in shares of VICI Properties in the second quarter worth $28,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Up 0.7%

Shares of VICI opened at $26.72 on Friday. The stock’s fifty day simple moving average is $26.91 and its 200-day simple moving average is $27.99. The firm has a market capitalization of $29.42 billion, a PE ratio of 10.36 and a beta of 0.65. VICI Properties Inc. has a 12-month low of $25.82 and a 12-month high of $33.92. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s payout ratio is currently 69.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VICI shares. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research note on Friday, July 31st. Morgan Stanley decreased their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Royal Bank Of Canada initiated coverage on VICI Properties in a research report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective for the company. Finally, Robert W. Baird set a $32.00 price objective on VICI Properties in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Hold” and a consensus price target of $31.54.

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.