KBC Group NV Boosts Stock Position in VICI Properties Inc. (NYSE:VICI)

KBC Group NV grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 390.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 374,081 shares of the company’s stock after acquiring an additional 297,807 shares during the period. KBC Group NV’s holdings in VICI Properties were worth $12,460,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hourglass Capital LLC boosted its stake in VICI Properties by 4.8% during the 3rd quarter. Hourglass Capital LLC now owns 171,751 shares of the company’s stock valued at $5,721,000 after acquiring an additional 7,867 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of VICI Properties by 26.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 56,582 shares of the company’s stock valued at $1,885,000 after purchasing an additional 11,832 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of VICI Properties by 1.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 597,429 shares of the company’s stock worth $19,900,000 after purchasing an additional 6,635 shares during the last quarter. MQS Management LLC grew its stake in VICI Properties by 8.9% in the third quarter. MQS Management LLC now owns 19,585 shares of the company’s stock worth $652,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Chase Investment Counsel Corp increased its holdings in VICI Properties by 3.2% in the third quarter. Chase Investment Counsel Corp now owns 15,346 shares of the company’s stock valued at $511,000 after buying an additional 470 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on VICI. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI upped their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. JMP Securities lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Finally, Mizuho lowered their target price on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Performance

Shares of VICI opened at $31.67 on Friday. The firm has a fifty day moving average of $32.58 and a 200-day moving average of $30.90. The company has a market cap of $33.39 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 4.15 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.46%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. VICI Properties’s 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.