Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in VICI Properties Inc. (NYSE:VICI) by 38.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 688,291 shares of the company’s stock after acquiring an additional 192,661 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in VICI Properties were worth $21,943,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc grew its position in shares of VICI Properties by 77.7% during the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after buying an additional 410 shares in the last quarter. Alaska Permanent Fund Corp boosted its holdings in VICI Properties by 87.4% in the third quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after purchasing an additional 466 shares in the last quarter. HBC Financial Services PLLC purchased a new stake in VICI Properties in the fourth quarter valued at approximately $31,000. ING Groep NV purchased a new stake in VICI Properties in the third quarter valued at approximately $36,000. Finally, Blue Trust Inc. lifted its stake in VICI Properties by 455.3% in the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after buying an additional 938 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.2 %

VICI Properties stock opened at $27.20 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The firm has a market capitalization of $28.37 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 6.09 and a beta of 0.90. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.05. The stock’s fifty day moving average is $29.19 and its two-hundred day moving average is $29.62.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s payout ratio is currently 66.94%.

Insider Activity at VICI Properties

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $28.85 per share, with a total value of $86,550.00. Following the purchase, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Morgan Stanley upped their price target on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Finally, Mizuho cut their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.36.

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.