Royal London Asset Management Ltd. Has $13.32 Million Stake in VICI Properties Inc. (NYSE:VICI)

Royal London Asset Management Ltd. boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 417,719 shares of the company’s stock after purchasing an additional 46,062 shares during the period. Royal London Asset Management Ltd.’s holdings in VICI Properties were worth $13,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HBC Financial Services PLLC bought a new stake in shares of VICI Properties during the 4th quarter worth approximately $31,000. Blue Trust Inc. raised its holdings in shares of VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares during the period. Quarry LP lifted its stake in VICI Properties by 143.1% in the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after purchasing an additional 741 shares during the last quarter. Planned Solutions Inc. bought a new position in VICI Properties during the fourth quarter worth about $45,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake in VICI Properties by 132.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,841 shares of the company’s stock valued at $83,000 after buying an additional 1,620 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VICI shares. Wells Fargo & Company decreased 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 note on Wednesday, March 6th. Scotiabank increased their target price on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Morgan Stanley lifted their price target on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Finally, Mizuho upped their price objective on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.50.

VICI Properties Stock Performance

NYSE VICI remained flat at $28.29 during trading on Friday. The company’s stock had a trading volume of 4,649,731 shares, compared to its average volume of 6,006,721. The stock has a market capitalization of $29.51 billion, a P/E ratio of 11.18, a PEG ratio of 2.31 and a beta of 0.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $33.40. The firm’s fifty day moving average price is $28.73 and its 200 day moving average price is $29.73.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend is Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

About VICI Properties

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.