Van ECK Associates Corp Acquires 4,621 Shares of VICI Properties Inc. (NYSE:VICI)

Van ECK Associates Corp boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 566,489 shares of the company’s stock after acquiring an additional 4,621 shares during the quarter. Van ECK Associates Corp owned 0.05% of VICI Properties worth $16,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp boosted its holdings in VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after purchasing an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after acquiring an additional 40,733 shares during the period. Border to Coast Pensions Partnership Ltd raised its stake in VICI Properties by 40.0% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after acquiring an additional 130,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of VICI Properties by 7.0% during the third 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 period. Finally, Brookstone Capital Management acquired a new stake in shares of VICI Properties in the 4th quarter valued at $359,000. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VICI shares. Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Barclays dropped their price objective on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Price Performance

Shares of VICI stock opened at $30.39 on Friday. The firm has a market cap of $32.04 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $29.66 and a 200 day moving average price of $31.45.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) 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.