Handelsbanken Fonder AB Increases Stake in VICI Properties Inc. (NYSE:VICI)

Handelsbanken Fonder AB grew its position in VICI Properties Inc. (NYSE:VICI) by 85.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 514,232 shares of the company’s stock after purchasing an additional 236,430 shares during the quarter. Handelsbanken Fonder AB’s holdings in VICI Properties were worth $16,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Invesco Ltd. raised its stake in shares of VICI Properties by 19.1% in the third quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock valued at $689,281,000 after acquiring an additional 3,798,898 shares during the period. JPMorgan Chase & Co. increased its position in VICI Properties by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock valued at $510,238,000 after purchasing an additional 86,084 shares during the period. Northern Trust Corp grew its position in shares of VICI Properties by 2.0% in the 3rd quarter. Northern Trust Corp now owns 11,130,050 shares of the company’s stock worth $323,884,000 after buying an additional 213,923 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of VICI Properties by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after buying an additional 183,369 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of VICI Properties by 50.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock worth $261,558,000 after buying an additional 2,736,096 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, with a total value of $86,550.00. Following the purchase, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Wells Fargo & Company reduced their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Finally, Mizuho reduced their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Trading Up 1.9 %

NYSE VICI opened at $28.58 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. The firm’s 50-day moving average is $29.08 and its two-hundred day moving average is $29.62. The stock has a market capitalization of $29.81 billion, a P/E ratio of 11.52, a PEG ratio of 6.30 and a beta of 0.90. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.05.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 5.81%. VICI Properties’s dividend payout ratio is currently 66.94%.

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.