Mediolanum International Funds Ltd Boosts Stock Position in VICI Properties Inc. (NYSE:VICI)

Mediolanum International Funds Ltd grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 405,591 shares of the company’s stock after purchasing an additional 45,390 shares during the quarter. Mediolanum International Funds Ltd’s holdings in VICI Properties were worth $13,411,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in VICI Properties by 671.3% during the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock valued at $21,494,000 after purchasing an additional 627,979 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in VICI Properties by 15.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock worth $56,079,000 after acquiring an additional 246,983 shares during the last quarter. Norden Group LLC bought a new stake in VICI Properties in the 1st quarter valued at about $1,033,000. Intech Investment Management LLC lifted its holdings in VICI Properties by 115.9% during the first quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after purchasing an additional 16,824 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in VICI Properties by 14.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock worth $14,437,000 after purchasing an additional 59,613 shares during the period. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

VICI stock opened at $32.10 on Friday. The firm has a market cap of $33.49 billion, a P/E ratio of 12.69, a P/E/G ratio of 5.15 and a beta of 0.93. The firm’s fifty day moving average is $33.00 and its 200 day moving average is $30.52. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.39%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is presently 68.38%.

Analyst Ratings Changes

A number of research firms have recently commented on VICI. Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

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.