ProShare Advisors LLC increased its holdings in shares of VICI Properties Inc. (NYSE:VICI – Free Report) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,902 shares of the company’s stock after acquiring an additional 26,006 shares during the period. ProShare Advisors LLC’s holdings in VICI Properties were worth $8,293,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. HighTower Advisors LLC grew its position in VICI Properties by 2.5% during the 4th quarter. HighTower Advisors LLC now owns 3,338,936 shares of the company’s stock worth $93,891,000 after acquiring an additional 80,926 shares during the last quarter. Pathway Financial Advisers LLC grew its position in VICI Properties by 1.5% during the 4th quarter. Pathway Financial Advisers LLC now owns 108,782 shares of the company’s stock worth $3,059,000 after acquiring an additional 1,561 shares during the last quarter. Gamco Investors INC. ET AL grew its position in VICI Properties by 5.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 47,231 shares of the company’s stock worth $1,328,000 after acquiring an additional 2,330 shares during the last quarter. Gabelli Funds LLC grew its position in VICI Properties by 2.6% during the 4th quarter. Gabelli Funds LLC now owns 219,462 shares of the company’s stock worth $6,171,000 after acquiring an additional 5,625 shares during the last quarter. Finally, North Dakota State Investment Board bought a new stake in VICI Properties during the 4th quarter worth approximately $1,018,000. 97.71% of the stock is currently owned by institutional investors.
VICI Properties Stock Performance
VICI stock opened at $28.50 on Friday. VICI Properties Inc. has a twelve month low of $26.55 and a twelve month high of $34.01. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The company has a market cap of $30.46 billion, a P/E ratio of 9.76 and a beta of 0.67. The business’s fifty day moving average is $28.13 and its 200-day moving average is $28.62.
VICI Properties Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Thursday, March 19th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.
Analyst Ratings Changes
VICI has been the topic of a number of research analyst reports. Scotiabank increased their price target on VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research report on Monday, May 4th. Barclays increased their price objective on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Mizuho reiterated a “neutral” rating and issued a $30.00 price objective on shares of VICI Properties in a research report on Wednesday, March 11th. Finally, Robert W. Baird decreased their price objective on VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.38.
Get Our Latest Analysis on VICI
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.
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