Handelsbanken Fonder AB Boosts Position in VICI Properties Inc. (NYSE:VICI)

Posted by Defense World Staff on Jul 21st, 2023

Handelsbanken Fonder AB increased its position in VICI Properties Inc. (NYSE:VICI – Free Report) by 9.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,179 shares of the company’s stock after acquiring an additional 12,614 shares during the quarter. Handelsbanken Fonder AB’s holdings in VICI Properties were worth $4,573,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Moody National Bank Trust Division grew its position in shares of VICI Properties by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 35,864 shares of the company’s stock valued at $1,170,000 after purchasing an additional 313 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in VICI Properties by 44.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,036 shares of the company’s stock worth $34,000 after buying an additional 321 shares in the last quarter. Kentucky Retirement Systems increased its stake in VICI Properties by 0.4% in the 4th quarter. Kentucky Retirement Systems now owns 75,720 shares of the company’s stock worth $2,453,000 after acquiring an additional 331 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of VICI Properties by 11.6% during the 4th quarter. Penserra Capital Management LLC now owns 3,300 shares of the company’s stock valued at $105,000 after acquiring an additional 344 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in shares of VICI Properties by 3.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 10,106 shares of the company’s stock valued at $327,000 after acquiring an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 98.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VICI shares. Mizuho initiated 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. LADENBURG THALM/SH SH lifted their price objective on shares of VICI Properties from $34.50 to $37.00 in a report on Monday, May 1st. BNP Paribas initiated coverage on VICI Properties in a research report on Wednesday, June 14th. They set an “outperform” rating and a $41.00 price target on the stock. Raymond James upped their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, April 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded VICI Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $34.00 in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.45.

VICI Properties Stock Performance

VICI Properties stock opened at $32.70 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. The firm has a market cap of $32.84 billion, a P/E ratio of 22.87, a P/E/G ratio of 2.29 and a beta of 0.93. VICI Properties Inc. has a 1-year low of $29.29 and a 1-year high of $35.69. The firm has a 50-day moving average of $31.54 and a 200-day moving average of $32.49.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Thursday, June 22nd were paid a dividend of $0.39 per share. The ex-dividend date was Wednesday, June 21st. This represents a $1.56 annualized dividend and a dividend yield of 4.77%. VICI Properties’s dividend payout ratio (DPR) is presently 109.09%.

VICI Properties Company Profile

(Free Report)

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.