Principal Financial Group Inc. boosted its position in VICI Properties Inc. (NYSE:VICI) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,115,274 shares of the company’s stock after buying an additional 830,574 shares during the period. Principal Financial Group Inc. owned approximately 2.44% of VICI Properties worth $406,836,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. FFT Wealth Management LLC acquired a new position in VICI Properties in the second quarter valued at $30,000. Ameritas Investment Company LLC acquired a new position in VICI Properties in the first quarter valued at $34,000. Credit Agricole S A acquired a new position in VICI Properties in the second quarter valued at $45,000. Sandy Spring Bank acquired a new position in VICI Properties in the second quarter valued at $58,000. Finally, Parallel Advisors LLC lifted its holdings in VICI Properties by 22.1% in the second quarter. Parallel Advisors LLC now owns 2,115 shares of the company’s stock valued at $66,000 after buying an additional 383 shares during the period.
Shares of VICI stock opened at $29.93 on Wednesday. VICI Properties Inc. has a 52-week low of $22.13 and a 52-week high of $33.35. The company has a debt-to-equity ratio of 0.70, a quick ratio of 8.88 and a current ratio of 8.88. The company has a 50-day simple moving average of $30.72 and a two-hundred day simple moving average of $30.46. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 2.21 and a beta of 1.06.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 7th. Shareholders of record on Friday, September 24th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.81%. This is an increase from VICI Properties’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, September 23rd. VICI Properties’s dividend payout ratio is presently 80.49%.
VICI has been the subject of several research analyst reports. Raymond James lifted their price target on shares of VICI Properties from $34.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Friday, June 4th. Zacks Investment Research downgraded shares of VICI Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 6th. Wolfe Research initiated coverage on shares of VICI Properties in a research note on Monday, June 14th. They issued an “outperform” rating and a $47.00 price target for the company. Capital One Financial reaffirmed an “overweight” rating on shares of VICI Properties in a research note on Wednesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of VICI Properties from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $33.37.
VICI Properties Company Profile
VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.
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