Toronto Dominion Bank Purchases 8,382 Shares of VICI Properties Inc. (NYSE:VICI)

Toronto Dominion Bank grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 523,677 shares of the company’s stock after acquiring an additional 8,382 shares during the period. Toronto Dominion Bank’s holdings in VICI Properties were worth $17,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VICI. Quarry LP raised its stake in shares of VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares during the last quarter. UMB Bank n.a. raised its stake in shares of VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. raised its stake in shares of VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after acquiring an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in VICI Properties in the second quarter worth about $43,000. Finally, Rothschild Investment LLC bought a new position in VICI Properties in the second quarter worth about $47,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of VICI opened at $31.09 on Friday. The stock has a market cap of $32.77 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 4.15 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm’s 50-day simple moving average is $32.09 and its two-hundred day simple moving average is $31.22.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Mizuho decreased their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. JMP Securities reissued a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Wednesday. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

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.