Mediolanum International Funds Ltd Purchases 109,958 Shares of VICI Properties Inc. (NYSE:VICI)

Mediolanum International Funds Ltd lifted its position in shares of VICI Properties Inc. (NYSE:VICI) by 27.1% during the fourth quarter, HoldingsChannel reports. The firm owned 515,549 shares of the company’s stock after buying an additional 109,958 shares during the quarter. Mediolanum International Funds Ltd’s holdings in VICI Properties were worth $14,919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP lifted its holdings in shares of VICI Properties by 780.5% during 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 in the last quarter. Continuum Advisory LLC raised its holdings in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the period. UMB Bank n.a. lifted its stake in VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after buying an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after buying an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of VICI Properties during the third quarter worth $67,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VICI shares. Mizuho cut their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Barclays began coverage on shares of VICI Properties in a report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective on the stock. Truist Financial cut their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

VICI Properties Price Performance

VICI stock opened at $29.80 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a market capitalization of $31.41 billion, a P/E ratio of 11.04, a PEG ratio of 3.78 and a beta of 0.94. The company has a fifty day moving average price of $30.13 and a 200-day moving average price of $31.49.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 64.07%.

About VICI Properties

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.