Banque Cantonale Vaudoise cut its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 21.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,637 shares of the company’s stock after selling 19,958 shares during the period. Banque Cantonale Vaudoise’s holdings in VICI Properties were worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of VICI. NewEdge Advisors LLC raised its stake in shares of VICI Properties by 204.4% during the first 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 last quarter. Woodline Partners LP boosted its position in shares of VICI Properties by 41.3% in the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after purchasing an additional 26,017 shares during the last quarter. Jump Financial LLC boosted its position in shares of VICI Properties by 45.0% in the 2nd quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock worth $867,000 after purchasing an additional 8,259 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of VICI Properties by 96.0% during the second quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock worth $31,843,000 after purchasing an additional 478,538 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of VICI Properties by 1.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock worth $6,860,000 after purchasing an additional 2,775 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Price Performance
VICI Properties stock opened at $27.16 on Friday. The firm has a market cap of $29.04 billion, a PE ratio of 9.30 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. The stock’s fifty day moving average price is $28.05 and its two-hundred day moving average price is $28.30. VICI Properties Inc. has a one year low of $26.08 and a one year high of $34.01.
VICI Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.6%. VICI Properties’s dividend payout ratio is presently 61.64%.
Analysts Set New Price Targets
Several research firms have weighed in on VICI. Mizuho reissued a “neutral” rating and issued a $30.00 target price on shares of VICI Properties in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday. Robert W. Baird cut 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 report on Monday, March 2nd. Finally, Scotiabank reduced their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $32.86.
Check Out Our Latest Stock Analysis on VICI Properties
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.
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