Czech National Bank Raises Stock Holdings in VICI Properties Inc. $VICI

Czech National Bank boosted its position in VICI Properties Inc. (NYSE:VICI) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 311,065 shares of the company’s stock after purchasing an additional 19,979 shares during the quarter. Czech National Bank’s holdings in VICI Properties were worth $8,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VICI. Vanguard Group Inc. boosted its stake in VICI Properties by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock worth $4,455,820,000 after acquiring an additional 1,705,855 shares in the last quarter. State Street Corp increased its stake in shares of VICI Properties by 1.7% during the fourth quarter. State Street Corp now owns 63,619,919 shares of the company’s stock valued at $1,817,165,000 after purchasing an additional 1,080,992 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of VICI Properties by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after purchasing an additional 1,037,345 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of VICI Properties by 8.2% during the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock valued at $851,821,000 after purchasing an additional 2,305,719 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock valued at $763,553,000 after purchasing an additional 734,068 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.7%

Shares of NYSE VICI opened at $26.72 on Friday. The firm’s 50 day moving average price is $26.91 and its 200-day moving average price is $27.99. The company has a market cap of $29.42 billion, a PE ratio of 10.36 and a beta of 0.65. VICI Properties Inc. has a 52-week low of $25.82 and a 52-week high of $33.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Thursday, June 18th. VICI Properties’s payout ratio is presently 69.77%.

Analysts Set New Price Targets

Several analysts recently weighed in on VICI shares. Scotiabank cut their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Wells Fargo & Company lowered their price objective on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Royal Bank Of Canada initiated coverage on VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price on the stock. Finally, Robert W. Baird set a $32.00 price target on VICI Properties in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.54.

About VICI Properties

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.