Coldstream Capital Management Inc. Raises Position in VICI Properties Inc. (NYSE:VICI)

Coldstream Capital Management Inc. raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 28.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 11,297 shares of the company’s stock after purchasing an additional 2,489 shares during the period. Coldstream Capital Management Inc.’s holdings in VICI Properties were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its stake in VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after purchasing an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 worth $393,847,000 after buying an additional 770,195 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in VICI Properties by 8.8% in the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after buying an additional 47,953 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in VICI Properties during the second quarter valued at approximately $557,000. Finally, Los Angeles Capital Management LLC lifted its holdings 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 worth $73,927,000 after acquiring an additional 1,744,939 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

NYSE:VICI opened at $31.13 on Friday. 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 Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The stock has a market cap of $32.82 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93. The firm’s fifty day simple moving average is $32.06 and its 200 day simple moving average is $31.26.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.56%. The ex-dividend date is Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

Analyst Ratings Changes

VICI has been the topic of several recent research reports. 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 lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Mizuho dropped their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, November 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.67.

About VICI Properties

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.