Exchange Traded Concepts LLC Has $4.78 Million Holdings in VICI Properties Inc. $VICI

Exchange Traded Concepts LLC grew its stake in VICI Properties Inc. (NYSE:VICI) by 12.3% in the second quarter, HoldingsChannel reports. The fund owned 179,957 shares of the company’s stock after acquiring an additional 19,654 shares during the period. Exchange Traded Concepts LLC’s holdings in VICI Properties were worth $4,778,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of VICI Properties by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock valued at $4,455,820,000 after purchasing an additional 1,705,855 shares during the last quarter. State Street Corp lifted its holdings in VICI Properties by 1.7% during the 4th quarter. State Street Corp now owns 63,619,919 shares of the company’s stock worth $1,817,165,000 after buying an additional 1,080,992 shares in the last quarter. Geode Capital Management LLC lifted its holdings in VICI Properties by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock worth $1,030,716,000 after buying an additional 1,037,345 shares in the last quarter. Allianz Asset Management GmbH boosted its position in VICI Properties by 8.2% in the 4th quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock valued at $851,821,000 after buying an additional 2,305,719 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in VICI Properties by 2.7% in the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock valued at $763,553,000 after buying an additional 734,068 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

VICI stock opened at $26.34 on Friday. The business’s fifty day moving average is $26.80 and its 200-day moving average is $27.92. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $29.00 billion, a P/E ratio of 10.21 and a beta of 0.65. VICI Properties Inc. has a twelve month low of $25.82 and a twelve month high of $33.92.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.8%. VICI Properties’s dividend payout ratio is presently 69.77%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VICI. Barclays dropped their target price on VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada began coverage on VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research report on Friday, July 31st. Cantor Fitzgerald cut their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Raymond James Financial set a $29.00 target price on shares of VICI Properties in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties currently has a consensus rating of “Hold” and an average price target of $31.29.

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.