Handelsbanken Fonder AB Buys 126,953 Shares of VICI Properties Inc. (NYSE:VICI)

Handelsbanken Fonder AB raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 21.4% in the fourth quarter, Holdings Channel reports. The fund owned 720,805 shares of the company’s stock after acquiring an additional 126,953 shares during the period. Handelsbanken Fonder AB’s holdings in VICI Properties were worth $21,055,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp increased its position in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after purchasing an additional 8,834 shares during the period. Rockefeller Capital Management L.P. increased 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 worth $18,268,000 after purchasing an additional 40,733 shares during the period. Border to Coast Pensions Partnership Ltd increased its position in VICI Properties by 40.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares during the period. Charles Schwab Investment Management Inc. increased its position in VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares during the period. Finally, Brookstone Capital Management acquired a new stake in VICI Properties in the fourth quarter worth about $359,000. 97.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on VICI shares. Mizuho lowered their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Stifel Nicolaus boosted their target price on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays decreased their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Trading Up 1.6 %

NYSE:VICI opened at $31.25 on Friday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $32.95 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 3.85 and a beta of 0.95. The business’s 50-day simple moving average is $29.59 and its 200-day simple moving average is $31.43.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 73.90% and a return on equity of 10.80%. The business had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. Sell-side analysts expect that VICI Properties Inc. will post 2.26 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s payout ratio 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.