VICI Properties Inc. $VICI Shares Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co grew its position in VICI Properties Inc. (NYSE:VICI) by 8.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 313,688 shares of the company’s stock after purchasing an additional 24,900 shares during the period. Varma Mutual Pension Insurance Co’s holdings in VICI Properties were worth $10,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VICI. Cibc World Market Inc. lifted its stake in VICI Properties by 27.3% during the 3rd quarter. Cibc World Market Inc. now owns 604,296 shares of the company’s stock valued at $19,706,000 after acquiring an additional 129,744 shares during the period. Caprock Group LLC acquired a new stake in shares of VICI Properties in the third quarter worth $3,311,000. ING Groep NV raised its holdings in shares of VICI Properties by 702.1% during the third quarter. ING Groep NV now owns 63,294 shares of the company’s stock worth $2,064,000 after purchasing an additional 55,403 shares during the last quarter. Krilogy Financial LLC acquired a new position in VICI Properties during the third quarter valued at $553,000. Finally, Madison Asset Management LLC boosted its holdings in VICI Properties by 97.5% in the third quarter. Madison Asset Management LLC now owns 36,430 shares of the company’s stock valued at $1,188,000 after purchasing an additional 17,983 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Up 0.9%

Shares of VICI stock opened at $29.32 on Friday. The stock has a 50 day simple moving average of $28.29 and a 200-day simple moving average of $30.42. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03. The company has a market cap of $31.33 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 2.89 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. VICI Properties’s payout ratio is currently 68.70%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VICI. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Evercore reaffirmed an “in-line” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Stifel Nicolaus decreased their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Finally, The Goldman Sachs Group cut their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $33.85.

VICI Properties 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.