JPMorgan Chase & Co. Increases Stock Position in VICI Properties Inc. $VICI

JPMorgan Chase & Co. increased its holdings in VICI Properties Inc. (NYSE:VICI) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,409,381 shares of the company’s stock after acquiring an additional 1,598,238 shares during the period. JPMorgan Chase & Co. owned about 2.19% of VICI Properties worth $763,380,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VICI. Vanguard Group Inc. grew its position in VICI Properties by 1.2% during the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock valued at $5,086,097,000 after buying an additional 1,849,545 shares during the period. State Street Corp grew its position in shares of VICI Properties by 2.1% during the 2nd quarter. State Street Corp now owns 59,694,662 shares of the company’s stock valued at $1,970,935,000 after acquiring an additional 1,204,476 shares during the period. Geode Capital Management LLC increased its stake in shares of VICI Properties by 7.1% during the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock worth $1,144,400,000 after purchasing an additional 2,281,688 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of VICI Properties by 11.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock worth $912,644,000 after purchasing an additional 2,937,039 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of VICI Properties in the 2nd quarter worth approximately $486,945,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of recent research reports. Stifel Nicolaus decreased their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. The Goldman Sachs Group cut their price target on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $36.00 to $30.00 in a research note on Friday, January 30th. Evercore reaffirmed an “in-line” rating and set a $32.00 price objective (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Finally, Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a research note on Monday, January 5th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.85.

VICI Properties Stock Performance

VICI Properties stock opened at $29.85 on Wednesday. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03. 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 firm has a market capitalization of $31.90 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 2.91 and a beta of 0.70. The firm’s 50 day simple moving average is $28.36 and its 200 day simple moving average is $30.35.

VICI Properties Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 6.0%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s payout ratio is presently 68.70%.

VICI Properties Profile

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.