Barclays PLC raised its position in shares of VICI Properties Inc. (NYSE:VICI – Free Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,958,607 shares of the company’s stock after acquiring an additional 272,087 shares during the period. Barclays PLC’s holdings in VICI Properties were worth $167,556,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of VICI. Norges Bank bought a new position in VICI Properties during the 4th quarter worth about $537,676,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in VICI Properties by 31,134.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,218,191 shares of the company’s stock valued at $287,336,000 after acquiring an additional 10,185,477 shares during the period. UBS Group AG grew its stake in VICI Properties by 99.5% in the 3rd quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock valued at $314,886,000 after acquiring an additional 4,815,053 shares during the period. Jupiter Asset Management Ltd. boosted its stake in VICI Properties by 1,699.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 4,544,692 shares of the company’s stock worth $127,797,000 after purchasing an additional 4,292,183 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in VICI Properties by 17.9% during the 3rd quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after purchasing an additional 3,968,349 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.
VICI Properties Stock Performance
Shares of NYSE:VICI opened at $27.97 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. VICI Properties Inc. has a one year low of $26.55 and a one year high of $34.01. The business’s 50-day simple moving average is $28.27 and its 200 day simple moving average is $28.41. The company has a market cap of $29.90 billion, a P/E ratio of 9.58 and a beta of 0.65.
VICI Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be given a $0.45 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. VICI Properties’s dividend payout ratio (DPR) is presently 61.64%.
Wall Street Analysts Forecast Growth
VICI has been the topic of several research analyst reports. Mizuho restated a “neutral” rating and issued a $30.00 price objective on shares of VICI Properties in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a report on Monday, May 4th. Scotiabank upped their price target on VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 12th. Robert W. Baird cut their price objective on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Finally, Barclays raised their price target on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus price target of $33.38.
View 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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