CIBC Asset Management Inc Purchases 13,235 Shares of VICI Properties Inc. (NYSE:VICI)

CIBC Asset Management Inc raised its position in VICI Properties Inc. (NYSE:VICI) by 6.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 229,256 shares of the company’s stock after acquiring an additional 13,235 shares during the period. CIBC Asset Management Inc’s holdings in VICI Properties were worth $7,637,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of VICI. Capital International Investors increased its position in shares of VICI Properties by 7.5% during the 1st quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after purchasing an additional 4,728,903 shares during the last quarter. Capital Research Global Investors raised its stake in shares of VICI Properties by 8.7% during the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after purchasing an additional 3,001,793 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of VICI Properties by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after purchasing an additional 201,899 shares in the last quarter. Legal & General Group Plc raised its stake in shares of VICI Properties by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after purchasing an additional 251,313 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of VICI Properties by 6.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock worth $345,530,000 after purchasing an additional 751,078 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 1.2 %

VICI stock opened at $31.67 on Monday. 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 $33.39 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 4.20 and a beta of 0.94. The business’s fifty day moving average price is $32.58 and its two-hundred day moving average price is $30.91. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.46%. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Evercore ISI upped their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. JMP Securities increased their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Mizuho dropped their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.22.

About VICI Properties

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.