DnB Asset Management AS Has $3.50 Million Holdings in VICI Properties Inc. (NYSE:VICI)

DnB Asset Management AS raised its position in VICI Properties Inc. (NYSE:VICIGet Rating) by 48.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 117,492 shares of the company’s stock after acquiring an additional 38,306 shares during the period. DnB Asset Management AS’s holdings in VICI Properties were worth $3,500,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in VICI. Focused Wealth Management Inc boosted its position in shares of VICI Properties by 139.4% during the first quarter. Focused Wealth Management Inc now owns 862 shares of the company’s stock valued at $25,000 after buying an additional 502 shares during the last quarter. Allworth Financial LP purchased a new position in shares of VICI Properties during the first quarter valued at approximately $34,000. Ellevest Inc. boosted its position in shares of VICI Properties by 51.1% during the first quarter. Ellevest Inc. now owns 1,313 shares of the company’s stock valued at $37,000 after buying an additional 444 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of VICI Properties during the first quarter valued at approximately $47,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of VICI Properties during the first quarter valued at approximately $60,000.

VICI Properties Stock Performance

NYSE:VICI opened at $33.54 on Tuesday. VICI Properties Inc. has a 52-week low of $26.23 and a 52-week high of $35.69. The firm has a market cap of $32.30 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 3.16 and a beta of 0.96. The business’s fifty day moving average is $33.62 and its 200 day moving average is $30.74.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, September 22nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.65%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, September 21st. VICI Properties’s payout ratio is presently 142.58%.

Wall Street Analyst Weigh In

VICI has been the topic of several analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $37.00 target price on shares of VICI Properties in a research report on Wednesday, July 20th. JMP Securities initiated coverage on VICI Properties in a report on Wednesday, August 24th. They set an “outperform” rating and a $38.00 price target on the stock. Truist Financial lifted their price target on VICI Properties from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 20th. LADENBURG THALM/SH SH lifted their price target on VICI Properties from $33.50 to $36.00 in a report on Wednesday, July 27th. Finally, Raymond James lifted their price target on VICI Properties from $36.00 to $38.00 and gave the stock a “strong-buy” rating in a report on Friday, July 8th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties has an average rating of “Buy” and a consensus price target of $36.45.

VICI Properties Profile

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VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.

Further Reading

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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