Forsta AP Fonden Increases Position in VICI Properties Inc. (NYSE:VICI)

Forsta AP Fonden boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 17.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 375,500 shares of the company’s stock after purchasing an additional 56,600 shares during the period. Forsta AP Fonden’s holdings in VICI Properties were worth $10,754,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cohen & Steers Inc. increased its position in shares of VICI Properties by 132.0% in the 4th quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after purchasing an additional 19,788,229 shares during the last quarter. Norges Bank acquired a new stake in VICI Properties during the fourth quarter valued at approximately $460,431,000. Capital International Investors grew its position in shares of VICI Properties by 17.4% in the 4th quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock worth $2,004,648,000 after acquiring an additional 9,317,582 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of VICI Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after acquiring an additional 6,755,553 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of VICI Properties by 37.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock valued at $337,029,000 after acquiring an additional 3,109,028 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Scotiabank increased their target price 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. Evercore ISI increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $33.44.

VICI Properties Stock Performance

VICI opened at $33.57 on Friday. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.17. The stock has a market cap of $35.15 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 5.32 and a beta of 0.94. The business’s 50 day moving average is $31.52 and its 200-day moving average is $29.75. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is 65.61%.

VICI Properties Profile

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.