Migdal Insurance & Financial Holdings Ltd. Takes Position in VICI Properties Inc. (NYSE:VICI)

Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,515 shares of the company’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 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 valued at $5,704,000 after purchasing an additional 176,115 shares during the period. Atria Wealth Solutions Inc. lifted its stake in VICI Properties by 4.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 16,973 shares of the company’s stock worth $548,000 after acquiring an additional 744 shares in the last quarter. Truist Financial Corp boosted its holdings in VICI Properties by 0.8% during the 4th quarter. Truist Financial Corp now owns 738,329 shares of the company’s stock valued at $23,538,000 after acquiring an additional 5,839 shares during the period. Mather Group LLC. grew its position in VICI Properties by 5.5% in the 4th quarter. Mather Group LLC. now owns 10,841 shares of the company’s stock valued at $346,000 after acquiring an additional 561 shares in the last quarter. Finally, Choreo LLC purchased a new stake in VICI Properties during the fourth quarter worth about $434,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI stock traded up $0.12 during midday trading on Friday, hitting $33.18. The company had a trading volume of 545,248 shares, compared to its average volume of 5,976,277. The company’s 50 day simple moving average is $30.40 and its 200 day simple moving average is $29.47. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $33.39. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a market cap of $34.61 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 5.21 and a beta of 0.92.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were issued a dividend of $0.415 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.66 annualized dividend and a yield of 5.00%. VICI Properties’s dividend payout ratio is currently 65.61%.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday. Mizuho raised their target price on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Scotiabank boosted their price target on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.44.

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.