UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 7,658,819 Shares of VICI Properties Inc. (NYSE:VICI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 599.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,936,815 shares of the company’s stock after purchasing an additional 7,658,819 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in VICI Properties were worth $297,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in VICI. Quarry LP boosted its position in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the period. UMB Bank n.a. grew its stake in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. raised its holdings in VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after acquiring an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in VICI Properties during the second quarter worth approximately $43,000. Finally, Rothschild Investment LLC bought a new stake in shares of VICI Properties during the second quarter worth approximately $47,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $32.61 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $34.38 billion, a PE ratio of 12.08, a PEG ratio of 4.32 and a beta of 0.94. The firm has a 50 day moving average of $32.34 and a 200-day moving average of $31.09. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.31%. VICI Properties’s dividend payout ratio is presently 64.07%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VICI. JMP Securities lifted their price target on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Mizuho reduced their target price on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, November 14th. Evercore ISI raised their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties 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.