Swedbank AB Buys 8,946 Shares of VICI Properties Inc. (NYSE:VICI)

Swedbank AB increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 4.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 199,605 shares of the company’s stock after acquiring an additional 8,946 shares during the quarter. Swedbank AB’s holdings in VICI Properties were worth $5,830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Carmel Capital Partners LLC grew its holdings in shares of VICI Properties by 1.0% in the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock valued at $1,177,000 after acquiring an additional 367 shares in the last quarter. Continuum Advisory LLC boosted its position in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the last quarter. Center For Asset Management LLC grew its stake in VICI Properties by 2.3% in the 4th quarter. Center For Asset Management LLC now owns 19,246 shares of the company’s stock valued at $562,000 after purchasing an additional 426 shares during the period. Insight Folios Inc increased its position in shares of VICI Properties by 2.5% during the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock valued at $601,000 after purchasing an additional 433 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of VICI Properties by 23.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock worth $78,000 after purchasing an additional 442 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VICI has been the subject of several research reports. Truist Financial reduced their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Mizuho reduced their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Finally, Barclays assumed coverage on VICI Properties in a research note on Friday, January 10th. They issued an “overweight” rating and a $36.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Stock Performance

Shares of VICI opened at $29.75 on Friday. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The stock’s 50-day simple moving average is $30.08 and its 200 day simple moving average is $31.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market capitalization of $31.36 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 3.78 and a beta of 0.94.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is 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.