Aberdeen Group plc boosted its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,498,085 shares of the company’s stock after buying an additional 124,334 shares during the quarter. Aberdeen Group plc owned approximately 0.14% of VICI Properties worth $42,126,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Aptus Capital Advisors LLC boosted its stake in shares of VICI Properties by 5.2% in the third quarter. Aptus Capital Advisors LLC now owns 6,623 shares of the company’s stock worth $216,000 after acquiring an additional 329 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of VICI Properties by 3.8% during the third quarter. Arete Wealth Advisors LLC now owns 9,110 shares of the company’s stock worth $296,000 after buying an additional 334 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of VICI Properties by 3.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock worth $339,000 after buying an additional 337 shares in the last quarter. Choreo LLC raised its position in shares of VICI Properties by 1.8% in the third quarter. Choreo LLC now owns 20,051 shares of the company’s stock valued at $664,000 after buying an additional 355 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its position in shares of VICI Properties by 4.6% in the third quarter. Armstrong Advisory Group Inc. now owns 8,462 shares of the company’s stock valued at $276,000 after buying an additional 370 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Trading Up 0.0%
Shares of VICI Properties stock opened at $27.67 on Friday. The stock has a 50 day moving average of $28.71 and a 200 day moving average of $29.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.17 and a current ratio of 3.17. The firm has a market capitalization of $29.57 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 3.17 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $26.55 and a fifty-two week high of $34.01.
VICI Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, March 19th. VICI Properties’s payout ratio is 68.97%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald set a $33.00 price target on shares of VICI Properties in a research report on Monday, January 5th. Scotiabank downgraded shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $36.00 to $30.00 in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Mizuho restated a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a report on Wednesday, March 11th. Finally, Robert W. Baird dropped their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.69.
Get Our Latest Stock Analysis on VICI Properties
VICI Properties Company Profile
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
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