VICI Properties Inc. $VICI Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 13.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,509 shares of the company’s stock after acquiring an additional 37,616 shares during the quarter. Thrivent Financial for Lutherans’ holdings in VICI Properties were worth $10,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of VICI Properties by 1.2% during the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock worth $5,086,097,000 after purchasing an additional 1,849,545 shares in the last quarter. State Street Corp lifted its position in VICI Properties by 2.1% during the 2nd quarter. State Street Corp now owns 59,694,662 shares of the company’s stock worth $1,970,935,000 after acquiring an additional 1,204,476 shares in the last quarter. Geode Capital Management LLC boosted its holdings in VICI Properties by 7.1% in the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock worth $1,144,400,000 after acquiring an additional 2,281,688 shares during the period. Allianz Asset Management GmbH grew its position in VICI Properties by 7.5% in the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after acquiring an additional 1,755,385 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of VICI Properties by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after purchasing an additional 2,326,747 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VICI. Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a research note on Monday, January 5th. Evercore ISI reissued an “in-line” rating and issued a $32.00 price objective (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Stifel Nicolaus dropped their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Finally, Barclays reduced their price target on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.85.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $28.83 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. VICI Properties Inc. has a 1 year low of $27.48 and a 1 year high of $34.03. The firm’s 50-day simple moving average is $28.19 and its 200-day simple moving average is $30.61. The firm has a market cap of $30.81 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.70.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were given a $0.45 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

About VICI Properties

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.