Epoch Investment Partners Inc. Grows Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Epoch Investment Partners Inc. raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,067,945 shares of the company’s stock after acquiring an additional 162,624 shares during the period. Epoch Investment Partners Inc. owned approximately 0.20% of VICI Properties worth $59,226,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VICI. Vanguard Group Inc. raised its stake in shares of VICI Properties by 4.6% during the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock worth $4,577,974,000 after purchasing an additional 6,755,553 shares during the last quarter. Capital International Investors lifted its stake in shares of VICI Properties by 7.5% in the 1st quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after acquiring an additional 4,728,903 shares during the period. Capital Research Global Investors boosted its holdings in shares of VICI Properties by 8.7% in the first quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock valued at $1,117,978,000 after acquiring an additional 3,001,793 shares in the last quarter. Cohen & Steers Inc. increased its stake in shares of VICI Properties by 132.0% during the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after acquiring an additional 19,788,229 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in VICI Properties by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after purchasing an additional 201,899 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI stock opened at $33.07 on Monday. The firm has a 50 day moving average of $32.13 and a 200-day moving average of $29.93. The company has a market cap of $34.50 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 5.35 and a beta of 0.94. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.29.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be issued a dividend of $0.4325 per share. The ex-dividend date is Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.23%. VICI Properties’s payout ratio is currently 68.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a report on Friday, June 21st. Evercore ISI lifted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.56.

About VICI Properties

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.