Canada Pension Plan Investment Board lifted its stake in shares of VICI Properties Inc. (NYSE:VICI – Free Report) by 627.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 433,600 shares of the company’s stock after purchasing an additional 374,000 shares during the period. Canada Pension Plan Investment Board’s holdings in VICI Properties were worth $12,618,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in VICI Properties by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock valued at $2,810,583,000 after buying an additional 10,248,110 shares in the last quarter. Norges Bank purchased a new position in VICI Properties in the 4th quarter valued at approximately $331,955,000. Morgan Stanley grew its stake in VICI Properties by 43.8% in the 4th quarter. Morgan Stanley now owns 11,073,093 shares of the company’s stock valued at $358,768,000 after buying an additional 3,372,327 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in VICI Properties by 223.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,401,889 shares of the company’s stock valued at $131,132,000 after buying an additional 3,039,359 shares in the last quarter. Finally, Amundi grew its stake in VICI Properties by 117.5% in the 4th quarter. Amundi now owns 3,429,518 shares of the company’s stock valued at $115,026,000 after buying an additional 1,852,465 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Monday, November 27th. The Goldman Sachs Group assumed coverage on shares of VICI Properties in a report on Friday, December 8th. They issued a “buy” rating and a $36.00 price target for the company. Mizuho raised their price target on shares of VICI Properties from $32.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. KeyCorp cut their price target on shares of VICI Properties from $36.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, December 13th. Finally, Wedbush reissued a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.15.
VICI Properties Price Performance
Shares of NYSE:VICI opened at $29.72 on Monday. The stock has a market cap of $30.75 billion, a PE ratio of 12.44, a PEG ratio of 2.76 and a beta of 0.91. The company’s fifty day moving average is $30.99 and its 200 day moving average is $30.13. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.63. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.68.
VICI Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 21st were given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend was Wednesday, December 20th. VICI Properties’s payout ratio is presently 69.46%.
VICI Properties Company Profile
VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.
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