VICI Properties Inc. (NYSE:VICI) Stake Raised by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 85.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 514,232 shares of the company’s stock after purchasing an additional 236,430 shares during the period. Handelsbanken Fonder AB’s holdings in VICI Properties were worth $16,394,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VICI. Pathstone Family Office LLC lifted its stake in shares of VICI Properties by 286.6% in the 3rd quarter. Pathstone Family Office LLC now owns 28,151 shares of the company’s stock valued at $822,000 after purchasing an additional 20,869 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in VICI Properties in the fourth quarter worth about $1,996,000. International Assets Investment Management LLC raised its position in VICI Properties by 3,074.1% in the fourth quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock worth $5,704,000 after purchasing an additional 176,115 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of VICI Properties by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after buying an additional 183,369 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of VICI Properties by 16.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 203,768 shares of the company’s stock valued at $5,930,000 after purchasing an additional 28,626 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Insider Buying and Selling

In other news, Director James R. Abrahamson bought 3,000 shares of the stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now directly owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

VICI Properties Price Performance

Shares of NYSE VICI opened at $28.58 on Wednesday. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.05. The firm’s 50-day moving average price is $29.08 and its 200-day moving average price is $29.62. The firm has a market capitalization of $29.81 billion, a P/E ratio of 11.52, a P/E/G ratio of 6.30 and a beta of 0.90. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.81%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Morgan Stanley lifted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Finally, Mizuho lowered their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.36.

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.