Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in VICI Properties Inc. (NYSE:VICI – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 210,283 shares of the company’s stock, valued at approximately $5,913,000.
Other large investors also recently bought and sold shares of the company. State of Wyoming bought a new stake in VICI Properties in the 2nd quarter worth about $26,000. Headlands Technologies LLC bought a new stake in VICI Properties in the 2nd quarter worth about $28,000. BOKF NA bought a new stake in VICI Properties in the 3rd quarter worth about $30,000. Evolution Wealth Management Inc. bought a new stake in VICI Properties in the 4th quarter worth about $28,000. Finally, Avalon Trust Co bought a new stake in VICI Properties in the 3rd quarter worth about $35,000. 97.71% of the stock is currently owned by institutional investors.
VICI Properties Trading Up 0.1%
Shares of NYSE:VICI opened at $27.88 on Monday. The stock has a 50 day moving average of $28.16 and a 200 day moving average of $28.44. The company has a market cap of $29.81 billion, a PE ratio of 9.55 and a beta of 0.65. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. VICI Properties Inc. has a 12-month low of $26.55 and a 12-month high of $34.01.
VICI Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors 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 dividend on an annualized basis and a dividend yield of 6.5%. VICI Properties’s payout ratio is 61.64%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Robert W. Baird reduced their price objective on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Mizuho restated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Barclays boosted their price target on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.38.
Get Our Latest Stock Analysis 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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