Canada Pension Plan Investment Board Has $98.91 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

Canada Pension Plan Investment Board grew its holdings in VICI Properties Inc. (NYSE:VICI) by 101.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,453,547 shares of the company’s stock after purchasing an additional 1,739,147 shares during the period. Canada Pension Plan Investment Board owned approximately 0.33% of VICI Properties worth $98,910,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cohen & Steers Inc. lifted its holdings in shares of VICI Properties by 132.0% in 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 last quarter. Capital International Investors grew its stake in shares of VICI Properties by 17.4% during the fourth quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock worth $2,004,648,000 after buying an additional 9,317,582 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 buying an additional 6,755,553 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of VICI Properties by 37.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock valued at $337,029,000 after acquiring an additional 3,109,028 shares in the last quarter. Finally, Capital Research Global Investors grew its position in VICI Properties by 8.7% during the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after acquiring an additional 3,001,793 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of recent research reports. Morgan Stanley reissued an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Evercore ISI upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.56.

VICI Properties Stock Performance

VICI stock opened at $33.07 on Friday. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.29. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $32.13 and a 200-day moving average price of $29.91. The firm has a market cap of $34.63 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.23%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, September 18th. VICI Properties’s dividend payout ratio is presently 65.61%.

VICI Properties Company 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.