Canada Pension Plan Investment Board Boosts Stake in VICI Properties Inc. (NYSE:VICI)

Canada Pension Plan Investment Board raised its position in VICI Properties Inc. (NYSE:VICI) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,714,400 shares of the company’s stock after purchasing an additional 119,130 shares during the quarter. Canada Pension Plan Investment Board owned 0.16% of VICI Properties worth $51,072,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VICI. Nomura Asset Management Co. Ltd. increased its position in shares of VICI Properties by 3.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,540,140 shares of the company’s stock worth $49,100,000 after acquiring an additional 56,595 shares during the period. Hohimer Wealth Management LLC purchased a new position in shares of VICI Properties during the fourth quarter worth approximately $2,400,000. Handelsbanken Fonder AB increased its position in shares of VICI Properties by 85.1% during the fourth quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock worth $16,394,000 after acquiring an additional 236,430 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of VICI Properties during the fourth quarter worth approximately $1,996,000. Finally, International Assets Investment Management LLC increased its position in shares of VICI Properties by 3,074.1% during the fourth quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock worth $5,704,000 after acquiring an additional 176,115 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Mizuho raised their target price on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research note on Friday, June 21st. Finally, Scotiabank increased their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.44.

VICI Properties Stock Up 1.3 %

Shares of VICI opened at $30.88 on Friday. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 2.73 and a beta of 0.92. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $33.40. The company has a 50 day moving average of $28.80 and a two-hundred day moving average of $29.25.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were paid a $0.415 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $1.66 annualized dividend and a yield of 5.38%. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

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.