International Assets Investment Management LLC Boosts Position in VICI Properties Inc. (NYSE:VICI)

International Assets Investment Management LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 4,877.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 247,427 shares of the company’s stock after buying an additional 242,456 shares during the quarter. International Assets Investment Management LLC’s holdings in VICI Properties were worth $8,242,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in VICI Properties by 671.3% during the 1st quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock worth $21,494,000 after purchasing an additional 627,979 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in VICI Properties by 15.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock valued at $56,079,000 after purchasing an additional 246,983 shares in the last quarter. Norden Group LLC acquired a new position in VICI Properties in the first quarter valued at approximately $1,033,000. Intech Investment Management LLC boosted its holdings in shares of VICI Properties by 115.9% in the first quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after acquiring an additional 16,824 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of VICI Properties by 14.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock valued at $14,437,000 after acquiring an additional 59,613 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VICI. Evercore ISI upped their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.00.

VICI Properties Stock Performance

Shares of VICI opened at $31.76 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm has a market cap of $33.13 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 5.04 and a beta of 0.93. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The business’s 50 day moving average is $33.02 and its two-hundred day moving average is $30.62.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio is presently 68.38%.

VICI Properties Profile

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.