PGGM Investments lessened its holdings in shares of VICI Properties Inc (NYSE:VICI) by 37.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,389,497 shares of the company’s stock after selling 6,761,630 shares during the quarter. VICI Properties makes up approximately 1.3% of PGGM Investments’ investment portfolio, making the stock its 19th largest position. PGGM Investments owned approximately 2.47% of VICI Properties worth $251,025,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in VICI. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of VICI Properties by 31.3% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,532,500 shares of the company’s stock valued at $55,411,000 after buying an additional 603,425 shares during the period. Bank of Montreal Can boosted its stake in shares of VICI Properties by 2.8% in the first quarter. Bank of Montreal Can now owns 97,663 shares of the company’s stock valued at $2,137,000 after buying an additional 2,670 shares during the period. Presima Inc. bought a new stake in shares of VICI Properties in the second quarter valued at approximately $13,480,000. Public Employees Retirement Association of Colorado boosted its stake in shares of VICI Properties by 213.5% in the first quarter. Public Employees Retirement Association of Colorado now owns 45,868 shares of the company’s stock valued at $1,004,000 after buying an additional 31,238 shares during the period. Finally, Cigna Investments Inc. New bought a new stake in shares of VICI Properties in the first quarter valued at approximately $1,317,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.
NYSE VICI traded up $0.11 on Tuesday, hitting $20.96. 67,997 shares of the company’s stock were exchanged, compared to its average volume of 6,053,765. The business has a 50-day moving average price of $21.97. The company has a current ratio of 179.91, a quick ratio of 179.91 and a debt-to-equity ratio of 0.51. VICI Properties Inc has a 52 week low of $17.64 and a 52 week high of $23.27. The company has a market cap of $9.79 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.69 and a beta of 0.86.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was Thursday, June 27th. VICI Properties’s payout ratio is presently 80.42%.
VICI has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on VICI Properties in a research note on Wednesday, April 24th. They issued a “buy” rating and a $27.00 price target for the company. Zacks Investment Research upgraded VICI Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Co upgraded VICI Properties from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $23.00 to $24.50 in a research note on Monday, July 1st. Evercore ISI initiated coverage on VICI Properties in a research note on Tuesday, April 9th. They issued an “outperform” rating and a $26.00 price target for the company. Finally, SunTrust Banks boosted their price target on VICI Properties from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. VICI Properties has an average rating of “Buy” and a consensus price target of $24.96.
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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