Public Sector Pension Investment Board Acquires 37,205 Shares of VICI Properties Inc. (NYSE:VICI)

Public Sector Pension Investment Board lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 25.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 182,110 shares of the company’s stock after buying an additional 37,205 shares during the period. Public Sector Pension Investment Board’s holdings in VICI Properties were worth $6,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after purchasing an additional 201,899 shares in the last quarter. Legal & General Group Plc lifted its position in shares of VICI Properties by 1.8% in the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after buying an additional 251,313 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of VICI Properties by 6.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock worth $345,530,000 after acquiring an additional 751,078 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of VICI Properties by 7.0% during 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 acquiring an additional 770,195 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised 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 acquiring an additional 26,990 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. 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. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. JMP Securities lifted their target price 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, Evercore ISI upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Performance

NYSE VICI opened at $32.61 on Friday. The company’s fifty day moving average is $32.34 and its two-hundred day moving average is $31.11. The firm has a market capitalization of $34.38 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 4.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a $0.4325 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.31%. VICI Properties’s dividend payout ratio is 64.07%.

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.