BNP Paribas Financial Markets increased its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 107.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,391,925 shares of the company’s stock after buying an additional 1,754,696 shares during the period. BNP Paribas Financial Markets’ holdings in VICI Properties were worth $95,381,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. State of Wyoming acquired a new stake in shares of VICI Properties in the second quarter worth $26,000. Headlands Technologies LLC acquired a new stake in shares of VICI Properties in the second quarter worth $28,000. BOKF NA acquired a new stake in shares of VICI Properties in the third quarter worth $30,000. Avalon Trust Co acquired a new stake in shares of VICI Properties in the third quarter worth $35,000. Finally, Key Capital Management INC acquired a new stake in shares of VICI Properties in the fourth quarter worth $37,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Price Performance
NYSE VICI opened at $27.79 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The stock’s 50-day moving average is $28.13 and its two-hundred day moving average is $28.52. The firm has a market cap of $29.70 billion, a P/E ratio of 9.52 and a beta of 0.67. VICI Properties Inc. has a fifty-two week low of $26.55 and a fifty-two week high of $34.01.
VICI Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were paid a $0.45 dividend. The ex-dividend date was Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. VICI Properties’s payout ratio is presently 61.64%.
Analysts Set New Price Targets
VICI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Mizuho reaffirmed a “neutral” rating and issued a $30.00 target price on shares of VICI Properties in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research report on Monday, May 4th. Robert W. Baird reduced their price objective 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. Finally, Scotiabank lifted their price objective on VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.38.
Check Out Our Latest Stock Report 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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