Millennium Management LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 134.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,486,070 shares of the company’s stock after purchasing an additional 2,001,991 shares during the period. Millennium Management LLC’s holdings in VICI Properties were worth $98,447,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Glenmede Trust Co. NA increased its stake in shares of VICI Properties by 0.6% in the fourth quarter. Glenmede Trust Co. NA now owns 64,299 shares of the company’s stock valued at $1,639,000 after buying an additional 386 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in shares of VICI Properties by 0.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 98,287 shares of the company’s stock valued at $2,776,000 after buying an additional 660 shares during the period. Elo Mutual Pension Insurance Co increased its stake in shares of VICI Properties by 2.0% in the first quarter. Elo Mutual Pension Insurance Co now owns 38,717 shares of the company’s stock valued at $1,093,000 after buying an additional 775 shares during the period. Signaturefd LLC increased its stake in shares of VICI Properties by 15.2% in the first quarter. Signaturefd LLC now owns 8,131 shares of the company’s stock valued at $230,000 after buying an additional 1,071 shares during the period. Finally, Ameritas Investment Company LLC acquired a new stake in shares of VICI Properties in the first quarter valued at about $34,000.
Shares of VICI stock traded down $0.37 during trading hours on Thursday, reaching $31.65. The company had a trading volume of 44,764 shares, compared to its average volume of 3,690,151. VICI Properties Inc. has a 12 month low of $20.34 and a 12 month high of $33.35. The company has a current ratio of 6.85, a quick ratio of 6.85 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average of $31.49. The company has a market capitalization of $17.00 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 2.30 and a beta of 1.07.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 8th. Stockholders of record on Thursday, June 24th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, June 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.17%. VICI Properties’s dividend payout ratio is presently 80.49%.
Several equities research analysts recently commented on VICI shares. Jefferies Financial Group raised their target price on VICI Properties from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, May 3rd. Evercore ISI reaffirmed an “in-line” rating on shares of VICI Properties in a research note on Monday, May 10th. Zacks Investment Research cut VICI Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 6th. Wolfe Research started coverage on VICI Properties in a research note on Monday, June 14th. They set an “outperform” rating and a $47.00 target price for the company. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 target price (up previously from $28.00) on shares of VICI Properties in a research note on Monday, May 10th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. VICI Properties has a consensus rating of “Buy” and an average target price of $32.96.
VICI Properties Company Profile
VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.
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