Rockefeller Capital Management L.P. raised its holdings in VICI Properties Inc. (NYSE:VICI – Free Report) by 34.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 831,277 shares of the company’s stock after purchasing an additional 211,311 shares during the quarter. Rockefeller Capital Management L.P. owned 0.08% of VICI Properties worth $23,393,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of VICI. Aptus Capital Advisors LLC grew its holdings in shares of VICI Properties by 5.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 6,623 shares of the company’s stock worth $216,000 after purchasing an additional 329 shares during the period. Arete Wealth Advisors LLC raised its holdings in VICI Properties by 3.8% in the 3rd quarter. Arete Wealth Advisors LLC now owns 9,110 shares of the company’s stock valued at $296,000 after buying an additional 334 shares during the period. Choreo LLC lifted its position in 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. Provident Investment Management Inc. lifted its position in VICI Properties by 1.5% in the third quarter. Provident Investment Management Inc. now owns 25,760 shares of the company’s stock valued at $840,000 after buying an additional 375 shares during the last quarter. Finally, Hurley Capital LLC boosted its stake in VICI Properties by 5.9% during the third quarter. Hurley Capital LLC now owns 6,927 shares of the company’s stock worth $226,000 after buying an additional 388 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.
VICI Properties Stock Down 0.7%
Shares of VICI opened at $26.11 on Tuesday. The stock has a market capitalization of $27.91 billion, a PE ratio of 8.94 and a beta of 0.65. VICI Properties Inc. has a 1 year low of $26.08 and a 1 year high of $34.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. The company’s 50-day simple moving average is $28.16 and its 200-day simple moving average is $28.34.
VICI Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on VICI shares. Barclays lifted their price target on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Robert W. Baird decreased their price objective on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a research report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Finally, Scotiabank cut their target price on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.15.
Read Our Latest Stock Analysis on VICI
VICI Properties 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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