Healthcare of Ontario Pension Plan Trust Fund raised its stake in VICI Properties Inc. (NYSE:VICI) by 54.6% during the second quarter, Holdings Channel.com reports. The firm owned 48,827 shares of the company’s stock after purchasing an additional 17,237 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in VICI Properties were worth $1,515,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of VICI. Pinz Capital Management LP acquired a new stake in shares of VICI Properties during the 1st quarter worth about $3,331,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of VICI Properties by 7.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 198,700 shares of the company’s stock worth $6,164,000 after acquiring an additional 13,500 shares in the last quarter. Royal Bank of Canada increased its position in VICI Properties by 1.7% during the first quarter. Royal Bank of Canada now owns 878,310 shares of the company’s stock worth $24,804,000 after buying an additional 14,481 shares during the period. SG Americas Securities LLC increased its position in VICI Properties by 128.6% during the first quarter. SG Americas Securities LLC now owns 104,334 shares of the company’s stock worth $2,946,000 after buying an additional 58,687 shares during the period. Finally, Millennium Management LLC increased its position in VICI Properties by 134.9% during the first quarter. Millennium Management LLC now owns 3,486,070 shares of the company’s stock worth $98,447,000 after buying an additional 2,001,991 shares during the period.
Shares of VICI Properties stock opened at $29.90 on Thursday. VICI Properties Inc. has a twelve month low of $22.13 and a twelve month high of $33.35. The stock has a market capitalization of $18.00 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.21 and a beta of 1.06. The business’s 50 day simple moving average is $29.96 and its 200-day simple moving average is $30.60. The company has a current ratio of 8.88, a quick ratio of 8.88 and a debt-to-equity ratio of 0.70.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 7th. Investors of record on Friday, September 24th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.82%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, September 23rd. VICI Properties’s dividend payout ratio is 87.80%.
Several brokerages have weighed in on VICI. KeyCorp upgraded VICI Properties from a “sector weight” rating to an “overweight” rating and set a $33.00 target price on the stock in a research note on Wednesday, October 6th. Deutsche Bank Aktiengesellschaft lifted their price target on VICI Properties from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, September 13th. Wells Fargo & Company lifted their price objective on VICI Properties from $31.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, July 23rd. Robert W. Baird reaffirmed a “buy” rating on shares of VICI Properties in a report on Tuesday, October 5th. Finally, Capital One Financial reissued an “overweight” rating on shares of VICI Properties in a report on Wednesday, September 1st. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $34.17.
VICI Properties Profile
VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.
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