M&G Investment Management Ltd. bought a new stake in VICI Properties Inc. (NYSE:VICI – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,989 shares of the company’s stock, valued at approximately $288,000.
Several other hedge funds and other institutional investors have also bought and sold shares of VICI. AdvisorNet Financial Inc lifted its holdings in VICI Properties by 69.7% in the fourth quarter. AdvisorNet Financial Inc now owns 942 shares of the company’s stock valued at $31,000 after buying an additional 387 shares during the period. Trustcore Financial Services LLC bought a new stake in VICI Properties in the third quarter valued at $45,000. Brown Brothers Harriman & Co. bought a new stake in VICI Properties in the first quarter valued at $47,000. Eagle Bay Advisors LLC bought a new stake in VICI Properties in the second quarter valued at $56,000. Finally, CVA Family Office LLC increased its stake in VICI Properties by 116.1% in the third quarter. CVA Family Office LLC now owns 1,871 shares of the company’s stock valued at $56,000 after purchasing an additional 1,005 shares in the last quarter.
Wall Street Analyst Weigh In
Several research firms have weighed in on VICI. Wolfe Research decreased their price target on shares of VICI Properties from $46.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, March 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $38.00 price target on shares of VICI Properties in a research note on Tuesday, March 21st. Morgan Stanley lifted their price target on shares of VICI Properties from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, December 16th. Mizuho started coverage on shares of VICI Properties in a research note on Wednesday, April 5th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Raymond James boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, April 6th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.73.
VICI Properties Trading Up 0.7 %
VICI Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 6th. Investors of record on Thursday, March 23rd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Wednesday, March 22nd. VICI Properties’s payout ratio is currently 123.81%.
VICI Properties Company 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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