VICI Properties Inc. (NYSE:VICI) Position Reduced by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,000 shares of the company’s stock after selling 42,000 shares during the quarter. VICI Properties makes up about 3.4% of Pensionfund DSM Netherlands’ portfolio, making the stock its 8th biggest holding. Pensionfund DSM Netherlands’ holdings in VICI Properties were worth $5,433,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VICI. State Street Corp grew its stake in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after acquiring an additional 1,164,717 shares during the period. Geode Capital Management LLC grew its holdings in shares of VICI Properties by 2.2% in the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock valued at $945,712,000 after purchasing an additional 608,696 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after purchasing an additional 201,899 shares during the period. Legal & General Group Plc grew its stake in VICI Properties by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after purchasing an additional 251,313 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of VICI Properties by 6.6% during the second quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock worth $345,530,000 after buying an additional 751,078 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of research analyst reports. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush upgraded shares of VICI Properties from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $34.00 to $33.00 in a research report on Thursday. Mizuho lowered their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.43.

VICI Properties Stock Performance

Shares of VICI stock traded up $0.29 during mid-day trading on Monday, hitting $29.75. The stock had a trading volume of 516,602 shares, compared to its average volume of 4,002,715. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company’s 50-day simple moving average is $31.04 and its 200-day simple moving average is $31.38. The firm has a market cap of $31.36 billion, a PE ratio of 11.02, a PEG ratio of 4.12 and a beta of 0.94.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 64.07%.

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.