Huntington National Bank boosted its holdings in VICI Properties Inc. (NYSE:VICI – Free Report) by 35.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,389 shares of the company’s stock after purchasing an additional 1,154 shares during the quarter. Huntington National Bank’s holdings in VICI Properties were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc grew its position in VICI Properties by 77.7% during the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after acquiring an additional 410 shares during the period. Alaska Permanent Fund Corp grew its position in VICI Properties by 87.4% during the third quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after acquiring an additional 466 shares during the period. ING Groep NV purchased a new stake in VICI Properties during the third quarter valued at about $36,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in VICI Properties during the third quarter valued at about $41,000. Finally, Register Financial Advisors LLC grew its position in VICI Properties by 50.0% during the third quarter. Register Financial Advisors LLC now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 500 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. KeyCorp lowered their price target on VICI Properties from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, December 13th. JMP Securities decreased their target price on VICI Properties from $38.00 to $34.00 and set a “market outperform” rating for the company in a research report on Monday, October 16th. Evercore ISI upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, November 27th. Wedbush reaffirmed a “neutral” rating and issued a $30.00 target price on shares of VICI Properties in a research report on Thursday, December 14th. Finally, Mizuho upped their target price on VICI Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $35.15.
VICI Properties Trading Up 0.2 %
Shares of VICI opened at $29.72 on Monday. The company has a market capitalization of $30.75 billion, a P/E ratio of 12.44, a P/E/G ratio of 2.76 and a beta of 0.91. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.63. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.97 and a current ratio of 2.97. The stock has a 50-day moving average price of $30.99 and a 200 day moving average price of $30.13.
VICI Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 21st were issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date was Wednesday, December 20th. VICI Properties’s dividend payout ratio is currently 69.46%.
VICI Properties 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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