Aigen Investment Management LP purchased a new position in shares of VICI Properties Inc. (NYSE:VICI – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 53,545 shares of the company’s stock, valued at approximately $1,506,000.
Other hedge funds also recently bought and sold shares of the company. State of Wyoming purchased a new position in VICI Properties in the 2nd quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in VICI Properties in the 2nd quarter valued at about $28,000. BOKF NA purchased a new position in VICI Properties in the 3rd quarter valued at about $30,000. Evolution Wealth Management Inc. purchased a new position in VICI Properties in the 4th quarter valued at about $28,000. Finally, Avalon Trust Co purchased a new position in VICI Properties in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.
VICI Properties Stock Up 1.4%
Shares of NYSE VICI opened at $28.50 on Friday. The company has a 50 day simple moving average of $28.26 and a 200-day simple moving average of $28.41. The company has a market capitalization of $30.46 billion, a P/E ratio of 9.76 and a beta of 0.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. VICI Properties Inc. has a 1 year low of $26.55 and a 1 year high of $34.01.
VICI Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.3%. The ex-dividend date is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 61.64%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Mizuho reaffirmed a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a research note on Monday, May 4th. Robert W. Baird decreased their price target on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Finally, Barclays raised their price target on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.38.
Read Our Latest Research Report on VICI
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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