Lansforsakringar Fondforvaltning AB publ Grows Stake in VICI Properties Inc. $VICI

Lansforsakringar Fondforvaltning AB publ grew its position in VICI Properties Inc. (NYSE:VICI) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 351,917 shares of the company’s stock after buying an additional 35,789 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in VICI Properties were worth $11,476,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dynamic Advisor Solutions LLC grew its stake in VICI Properties by 3.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock worth $339,000 after buying an additional 337 shares during the last quarter. Heritage Wealth Advisors grew its stake in shares of VICI Properties by 18.9% during the second quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after acquiring an additional 350 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of VICI Properties by 32.7% during the second quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after acquiring an additional 351 shares in the last quarter. Armstrong Advisory Group Inc. raised its position in shares of VICI Properties by 4.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 8,462 shares of the company’s stock valued at $276,000 after purchasing an additional 370 shares during the last quarter. Finally, World Investment Advisors boosted its stake in VICI Properties by 3.6% in the 3rd quarter. World Investment Advisors now owns 11,353 shares of the company’s stock worth $370,000 after purchasing an additional 397 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VICI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. The Goldman Sachs Group reduced their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Mizuho dropped their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $36.00 to $30.00 in a research note on Friday, January 30th. Finally, Evercore reiterated an “in-line” rating and issued a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.85.

VICI Properties Stock Performance

Shares of VICI stock opened at $30.23 on Tuesday. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.03. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The stock has a market cap of $32.30 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 2.99 and a beta of 0.70. The business has a 50-day simple moving average of $28.49 and a 200-day simple moving average of $30.25.

VICI Properties Dividend Announcement

The company also recently disclosed 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 6.0%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

VICI Properties Company 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.