Forsta AP Fonden Grows Position in VICI Properties Inc. (NYSE:VICI)

Forsta AP Fonden raised its holdings in VICI Properties Inc. (NYSE:VICI) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 452,400 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Forsta AP Fonden’s holdings in VICI Properties were worth $13,215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Smith Group Asset Management LLC purchased a new stake in shares of VICI Properties in the 4th quarter valued at about $2,045,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of VICI Properties by 127.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock valued at $50,099,000 after acquiring an additional 960,706 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in shares of VICI Properties by 3.6% during the 4th quarter. SteelPeak Wealth LLC now owns 109,092 shares of the company’s stock valued at $3,223,000 after buying an additional 3,769 shares in the last quarter. Cornell Pochily Investment Advisors Inc. raised its holdings in shares of VICI Properties by 24.2% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 9,332 shares of the company’s stock valued at $273,000 after buying an additional 1,816 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of VICI Properties by 128.8% during the 4th quarter. Pacer Advisors Inc. now owns 177,689 shares of the company’s stock valued at $5,190,000 after buying an additional 100,012 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VICI. Barclays began coverage on VICI Properties in a report on Friday, January 10th. They set an “overweight” rating and a $36.00 price objective on the stock. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday. Mizuho decreased their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Truist Financial decreased their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Price Performance

VICI opened at $29.62 on Thursday. The stock’s 50 day simple moving average is $30.19 and its 200 day simple moving average is $31.51. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm has a market cap of $31.22 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 3.76 and a beta of 0.94.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.84%. VICI Properties’s dividend payout ratio is currently 64.07%.

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.