DNB Asset Management AS Buys 12,578 Shares of VICI Properties Inc. (NYSE:VICI)

DNB Asset Management AS grew its stake in VICI Properties Inc. (NYSE:VICI) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,164 shares of the company’s stock after acquiring an additional 12,578 shares during the period. DNB Asset Management AS’s holdings in VICI Properties were worth $4,873,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew its position in shares of VICI Properties by 3.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,540,140 shares of the company’s stock worth $49,100,000 after buying an additional 56,595 shares in the last quarter. Hohimer Wealth Management LLC bought a new position in VICI Properties during the 4th quarter worth about $2,400,000. Handelsbanken Fonder AB increased its position in VICI Properties by 85.1% during the 4th quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock valued at $16,394,000 after purchasing an additional 236,430 shares during the period. Louisiana State Employees Retirement System purchased a new position in VICI Properties during the 4th quarter valued at about $1,996,000. Finally, International Assets Investment Management LLC raised its holdings in shares of VICI Properties by 3,074.1% in the 4th quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock valued at $5,704,000 after purchasing an additional 176,115 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

NYSE VICI opened at $31.63 on Wednesday. The stock’s fifty day moving average price is $29.11 and its 200 day moving average price is $29.24. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $32.68. The company has a market cap of $33.12 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 2.78 and a beta of 0.92.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s dividend payout ratio is presently 65.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Scotiabank boosted their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Morgan Stanley restated 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, Mizuho lifted their target price on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

VICI Properties Company 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.