Varma Mutual Pension Insurance Co Increases Holdings in VICI Properties Inc. $VICI

Varma Mutual Pension Insurance Co boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 313,688 shares of the company’s stock after purchasing an additional 24,900 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in VICI Properties were worth $10,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. State of Wyoming bought a new position in VICI Properties during the 2nd quarter worth about $26,000. Parvin Asset Management LLC bought a new stake in shares of VICI Properties in the 2nd quarter valued at about $27,000. Hantz Financial Services Inc. lifted its position in shares of VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares during the period. Headlands Technologies LLC bought a new position in shares of VICI Properties during the second quarter valued at approximately $28,000. Finally, Godsey & Gibb Inc. bought a new position in shares of VICI Properties during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on VICI. Wells Fargo & Company restated an “equal weight” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Scotiabank lowered shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $36.00 to $30.00 in a research report on Friday, January 30th. Finally, Stifel Nicolaus lowered their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.85.

VICI Properties Trading Up 0.9%

VICI Properties stock opened at $29.32 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The stock has a market cap of $31.33 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 2.89 and a beta of 0.70. The stock has a 50-day moving average of $28.29 and a two-hundred day moving average of $30.42. VICI Properties Inc. has a one year low of $27.48 and a one year high of $34.03.

VICI Properties Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s payout ratio is currently 68.70%.

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.