VICI Properties Inc. $VICI Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in VICI Properties Inc. (NYSE:VICI) by 13.3% during the second quarter, Holdings Channel.com reports. The firm owned 801,215 shares of the company’s stock after purchasing an additional 93,831 shares during the period. Handelsbanken Fonder AB’s holdings in VICI Properties were worth $21,272,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State of Wyoming acquired a new position in VICI Properties in the second quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in VICI Properties during the second quarter worth about $28,000. Bayban acquired a new stake in shares of VICI Properties during the fourth quarter valued at about $25,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of VICI Properties during the first quarter valued at about $25,000. Finally, BOKF NA purchased a new stake in shares of VICI Properties in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VICI. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Robert W. Baird set a $32.00 target price on shares of VICI Properties in a report on Thursday, July 30th. Wells Fargo & Company cut their target price on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Barclays decreased their price target on VICI Properties from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Cantor Fitzgerald lowered their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.46.

VICI Properties Stock Up 0.5%

Shares of NYSE:VICI opened at $26.10 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $28.74 billion, a PE ratio of 10.12 and a beta of 0.65. The firm’s 50-day moving average is $26.82 and its two-hundred day moving average is $27.94. VICI Properties Inc. has a 1 year low of $25.82 and a 1 year high of $33.92.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. VICI Properties’s payout ratio is 69.77%.

VICI Properties 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.