Quantbot Technologies LP acquired a new stake in VICI Properties Inc. (NYSE:VICI – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 259,951 shares of the company’s stock, valued at approximately $6,902,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bayban bought a new stake in shares of VICI Properties in the fourth quarter valued at $25,000. Dynamic Wealth Strategies LLC bought a new position in shares of VICI Properties during the 1st quarter worth $25,000. State of Wyoming bought a new position in shares of VICI Properties during the 2nd quarter worth $26,000. Evolution Wealth Management Inc. purchased a new stake in VICI Properties in the 4th quarter worth about $28,000. Finally, Headlands Technologies LLC purchased a new stake in VICI Properties in the 2nd quarter worth about $28,000. 97.71% of the stock is owned by institutional investors.
VICI Properties Trading Down 0.1%
VICI Properties stock opened at $26.55 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $33.92. The stock has a market cap of $29.23 billion, a P/E ratio of 10.29 and a beta of 0.65. The firm’s fifty day moving average price is $26.59 and its 200-day moving average price is $27.84.
VICI Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 69.77%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Barclays cut their target price on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Cantor Fitzgerald dropped their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Morgan Stanley cut their price objective on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Scotiabank lowered their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Finally, Royal Bank Of Canada began coverage on VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price on the stock. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Hold” and an average target price of $31.29.
Get Our Latest Stock Report 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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