Jupiter Asset Management Ltd. Takes $8.23 Million Position in VICI Properties Inc. $VICI

Jupiter Asset Management Ltd. purchased a new position in VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 252,509 shares of the company’s stock, valued at approximately $8,234,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of VICI Properties by 2.4% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock worth $113,051,000 after purchasing an additional 81,300 shares during the period. D.A. Davidson & CO. raised its position in VICI Properties by 85.3% during the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock valued at $669,000 after purchasing an additional 9,451 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in VICI Properties by 5.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock valued at $77,638,000 after purchasing an additional 122,796 shares during the last quarter. Swedbank AB lifted its holdings in VICI Properties by 4.0% in the 3rd quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock worth $158,965,000 after buying an additional 188,690 shares during the period. Finally, Allianz Asset Management GmbH grew its position in shares of VICI Properties by 11.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock worth $912,644,000 after buying an additional 2,937,039 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

VICI has been the topic of several research analyst reports. Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $36.00 to $30.00 in a research note on Friday, January 30th. Evercore reiterated an “in-line” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Barclays decreased their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a research report on Monday, January 5th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.85.

VICI Properties Price Performance

VICI opened at $30.09 on Friday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The company has a market cap of $32.16 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 2.99 and a beta of 0.70. The stock has a fifty day simple moving average of $28.46 and a two-hundred day simple moving average of $30.29. VICI Properties Inc. has a 12-month low of $27.48 and a 12-month high of $34.03.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 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.