Alpha Paradigm Partners LLC purchased a new position in VICI Properties Inc. (NYSE:VICI – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,274 shares of the company’s stock, valued at approximately $396,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Balyasny Asset Management LLC boosted its stake in VICI Properties by 282.6% in the 3rd quarter. Balyasny Asset Management LLC now owns 146,761 shares of the company’s stock worth $4,381,000 after purchasing an additional 108,400 shares during the period. Baird Financial Group Inc. raised its holdings in shares of VICI Properties by 30.8% during the 3rd quarter. Baird Financial Group Inc. now owns 631,770 shares of the company’s stock worth $18,859,000 after acquiring an additional 148,915 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of VICI Properties by 54.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,047,190 shares of the company’s stock worth $180,509,000 after acquiring an additional 2,119,396 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of VICI Properties by 0.5% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 426,372 shares of the company’s stock worth $12,753,000 after acquiring an additional 2,184 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of VICI Properties by 2.4% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 299,539 shares of the company’s stock worth $8,941,000 after acquiring an additional 6,893 shares in the last quarter.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. KeyCorp upped their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 30th. Morgan Stanley upped their price objective on VICI Properties from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, December 16th. Deutsche Bank Aktiengesellschaft increased their price target on VICI Properties from $37.00 to $38.00 in a report on Friday, December 2nd. Finally, Raymond James lowered VICI Properties from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $38.00 to $36.00 in a report on Monday, January 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.77.
VICI Properties Trading Up 1.2 %
VICI Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Investors of record on Thursday, March 23rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Wednesday, March 22nd. VICI Properties’s payout ratio is currently 123.81%.
VICI Properties Profile
VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.
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