VICI Properties Inc. (NYSE:VICI) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 68.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 877,427 shares of the company’s stock after acquiring an additional 357,444 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in VICI Properties were worth $29,227,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Boston Partners lifted its holdings in shares of VICI Properties by 35.8% during the 1st quarter. Boston Partners now owns 8,631,164 shares of the company’s stock worth $257,094,000 after acquiring an additional 2,275,381 shares during the period. Los Angeles Capital Management LLC increased its position in VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after purchasing an additional 1,744,939 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in VICI Properties by 101.4% during the second quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock worth $98,910,000 after purchasing an additional 1,739,147 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of VICI Properties by 35.5% in the 2nd quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock valued at $129,321,000 after purchasing an additional 1,185,463 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 buying an additional 770,195 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

Shares of VICI stock opened at $32.60 on Friday. The firm has a fifty day simple moving average of $32.35 and a 200-day simple moving average of $31.08. The company has a market capitalization of $34.37 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 4.32 and a beta of 0.94. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VICI. JMP Securities lifted their target price on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Wells Fargo & Company reiterated 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. Mizuho cut their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, November 14th. Finally, Evercore ISI raised their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.22.

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.