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

Forsta AP Fonden boosted its stake in VICI Properties Inc. (NYSE:VICI) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 452,400 shares of the company’s stock after buying an additional 1,700 shares during the quarter. Forsta AP Fonden’s holdings in VICI Properties were worth $13,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VICI. Quarry LP grew its stake in VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares during the period. Continuum Advisory LLC grew its stake in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the period. UMB Bank n.a. grew its stake in VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after purchasing an additional 512 shares during the period. Brown Brothers Harriman & Co. grew its stake in VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after purchasing an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in VICI Properties in the 3rd quarter valued at $67,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on VICI. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday. Mizuho cut their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Barclays initiated coverage on VICI Properties in a research note on Friday, January 10th. They set an “overweight” rating and a $36.00 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Stock Down 1.3 %

Shares of NYSE VICI opened at $29.62 on Thursday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The business has a 50-day simple moving average of $30.19 and a two-hundred day simple moving average of $31.51. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $31.22 billion, a P/E ratio of 10.97, a P/E/G ratio of 3.76 and a beta of 0.94.

VICI Properties Announces Dividend

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

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.