VICI Properties Inc. $VICI Position Lifted by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd raised its stake in VICI Properties Inc. (NYSE:VICI) by 15.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 575,000 shares of the company’s stock after purchasing an additional 75,000 shares during the period. Border to Coast Pensions Partnership Ltd owned 0.05% of VICI Properties worth $18,751,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in VICI Properties in the second quarter valued at about $486,945,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of VICI Properties in the 2nd quarter worth approximately $110,366,000. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of VICI Properties by 125.4% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,587,940 shares of the company’s stock valued at $182,167,000 after acquiring an additional 3,108,475 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of VICI Properties by 11.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after acquiring an additional 2,937,039 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of VICI Properties by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after acquiring an additional 2,326,747 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VICI shares. Scotiabank downgraded shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $36.00 to $30.00 in a report on Friday, January 30th. Mizuho reduced their price target on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. The Goldman Sachs Group dropped their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a report on Monday, January 5th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $33.85.

VICI Properties Stock Performance

VICI opened at $28.83 on Thursday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $28.19 and its 200-day moving average is $30.61. The stock has a market cap of $30.81 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.70. VICI Properties Inc. has a twelve month low of $27.48 and a twelve month high of $34.03.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s payout ratio is 68.70%.

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.