Bank of America Corp DE cut its holdings in shares of VICI Properties Inc (NYSE:VICI) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,226,404 shares of the company’s stock after selling 11,183 shares during the period. Bank of America Corp DE owned 0.33% of VICI Properties worth $23,031,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of VICI. Advisors Asset Management Inc. raised its stake in shares of VICI Properties by 75.4% during the 4th quarter. Advisors Asset Management Inc. now owns 1,447 shares of the company’s stock worth $27,000 after buying an additional 622 shares during the last quarter. Advisor Group Inc. grew its holdings in VICI Properties by 26.4% in the 4th quarter. Advisor Group Inc. now owns 3,428 shares of the company’s stock valued at $64,000 after buying an additional 716 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in VICI Properties by 6.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 14,630 shares of the company’s stock valued at $275,000 after buying an additional 941 shares during the period. Ffcm LLC purchased a new stake in VICI Properties in the 4th quarter valued at about $28,000. Finally, Enlightenment Research LLC purchased a new stake in VICI Properties in the 4th quarter valued at about $32,000.
VICI traded up $0.16 during trading on Friday, reaching $22.75. 4,035,901 shares of the company were exchanged, compared to its average volume of 3,193,063. The company has a market cap of $9.14 billion, a P/E ratio of 15.91, a PEG ratio of 1.53 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 162.32 and a quick ratio of 162.33. VICI Properties Inc has a 52 week low of $17.64 and a 52 week high of $22.77.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Friday, March 29th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.15 annualized dividend and a dividend yield of 5.05%. VICI Properties’s dividend payout ratio (DPR) is 80.42%.
VICI has been the subject of several recent analyst reports. Zacks Investment Research cut VICI Properties from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. Goldman Sachs Group upgraded VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, January 10th. LADENBURG THALM/SH SH initiated coverage on VICI Properties in a report on Wednesday, January 16th. They set a “buy” rating and a $24.00 target price for the company. Credit Suisse Group started coverage on VICI Properties in a research report on Wednesday, March 20th. They set an “outperform” rating and a $24.00 price target on the stock. Finally, SunTrust Banks upped their target price on VICI Properties from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.29.
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About VICI Properties
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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