CIBC Asset Management Inc Has $7.64 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

CIBC Asset Management Inc lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 6.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 229,256 shares of the company’s stock after buying an additional 13,235 shares during the period. CIBC Asset Management Inc’s holdings in VICI Properties were worth $7,637,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Carmel Capital Partners LLC grew its holdings in shares of VICI Properties by 1.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after purchasing an additional 367 shares in the last quarter. Montag A & Associates Inc. boosted its stake in VICI Properties by 3.3% in the second quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock valued at $357,000 after buying an additional 389 shares in the last quarter. MAS Advisors LLC boosted its stake in VICI Properties by 2.8% in the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after buying an additional 398 shares in the last quarter. Insight Folios Inc boosted its stake in VICI Properties by 2.5% in the third quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock valued at $601,000 after buying an additional 433 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in VICI Properties by 23.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after buying an additional 442 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on VICI shares. JMP Securities raised their price objective 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. Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, Mizuho dropped their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Price Performance

Shares of VICI opened at $31.67 on Monday. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year 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 company has a market capitalization of $33.39 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 4.20 and a beta of 0.94. The business has a 50-day moving average of $32.58 and a 200-day moving average of $30.91.

VICI Properties Increases Dividend

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