Bank of Montreal Can Has $33.09 Million Stake in VICI Properties Inc. (NYSE:VICI)

Bank of Montreal Can decreased its holdings in VICI Properties Inc. (NYSE:VICI) by 24.2% during the third quarter, Holdings Channel.com reports. The firm owned 998,944 shares of the company’s stock after selling 318,082 shares during the period. Bank of Montreal Can’s holdings in VICI Properties were worth $33,085,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of VICI Properties by 8.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock valued at $19,781,000 after buying an additional 47,953 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of VICI Properties in the 2nd quarter valued at approximately $557,000. Los Angeles Capital Management LLC grew its stake in shares of VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after buying an additional 1,744,939 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of VICI Properties by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,209,783 shares of the company’s stock valued at $206,848,000 after buying an additional 26,990 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VICI. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. JMP Securities upped their target price on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Finally, Mizuho decreased their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Stock Up 0.7 %

Shares of VICI stock opened at $32.60 on Friday. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The firm has a market cap of $34.37 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 4.31 and a beta of 0.94. The stock has a 50 day moving average of $32.35 and a 200-day moving average of $31.08. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.31%. VICI Properties’s payout ratio is 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.