Entropy Technologies LP grew its holdings in VICI Properties Inc. (NYSE:VICI – Free Report) by 582.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 315,279 shares of the company’s stock after acquiring an additional 269,098 shares during the quarter. Entropy Technologies LP’s holdings in VICI Properties were worth $8,866,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in VICI. Norges Bank acquired a new stake in VICI Properties in the fourth quarter worth about $537,676,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of VICI Properties by 31,134.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,218,191 shares of the company’s stock worth $287,336,000 after purchasing an additional 10,185,477 shares during the period. UBS Group AG lifted its holdings in shares of VICI Properties by 99.5% during the third quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock worth $314,886,000 after purchasing an additional 4,815,053 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in shares of VICI Properties by 1,699.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 4,544,692 shares of the company’s stock worth $127,797,000 after purchasing an additional 4,292,183 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of VICI Properties by 17.9% during the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock worth $853,087,000 after purchasing an additional 3,968,349 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.
VICI Properties Stock Up 1.4%
Shares of VICI stock opened at $28.50 on Friday. The stock has a 50 day moving average of $28.26 and a 200 day moving average of $28.41. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The stock has a market cap of $30.46 billion, a P/E ratio of 9.76 and a beta of 0.65. VICI Properties Inc. has a twelve month low of $26.55 and a twelve month high of $34.01.
VICI Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.3%. The ex-dividend date is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.
Analysts Set New Price Targets
A number of research firms recently commented on VICI. Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a report on Monday, May 4th. Scotiabank lifted their target price on VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Robert W. Baird decreased their target price on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Finally, Barclays lifted their target price on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.38.
Get Our Latest Stock Report on VICI Properties
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.
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