Public Sector Pension Investment Board Increases Stake in VICI Properties Inc. (NYSE:VICI)

Public Sector Pension Investment Board raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 18.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,905 shares of the company’s stock after buying an additional 22,732 shares during the quarter. Public Sector Pension Investment Board’s holdings in VICI Properties were worth $4,150,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Tucker Asset Management LLC increased its stake in shares of VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after acquiring an additional 1,020 shares during the last quarter. UMB Bank n.a. grew its stake in shares of VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares during the period. Quarry LP increased its holdings in shares of VICI Properties by 143.1% during the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock worth $40,000 after buying an additional 741 shares during the last quarter. Carmichael Hill & Associates Inc. raised its position in shares of VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in VICI Properties in the second quarter valued at approximately $43,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VICI shares. Evercore ISI raised their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Morgan Stanley reissued an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.56.

VICI Properties Stock Down 0.5 %

Shares of NYSE:VICI opened at $32.89 on Friday. The firm has a market capitalization of $34.31 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 5.20 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The firm’s 50-day moving average is $32.34 and its two-hundred day moving average is $30.03.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be issued a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.26%. VICI Properties’s dividend payout ratio is 68.38%.

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.