VICI Properties Inc. (NYSE:VICI) Shares Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,624 shares of the company’s stock after purchasing an additional 1,314 shares during the quarter. VICI Properties makes up 1.0% of Hohimer Wealth Management LLC’s portfolio, making the stock its 25th biggest holding. Hohimer Wealth Management LLC’s holdings in VICI Properties were worth $4,851,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after buying an additional 7,658,819 shares during the last quarter. Los Angeles Capital Management LLC grew its position in VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after acquiring an additional 1,744,939 shares during the period. Canada Pension Plan Investment Board increased its stake in VICI Properties by 101.4% during the second quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock worth $98,910,000 after acquiring an additional 1,739,147 shares during the last quarter. Hsbc Holdings PLC increased its stake in VICI Properties by 35.5% during the second quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock worth $129,321,000 after acquiring an additional 1,185,463 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of research analyst reports. Mizuho dropped 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 target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. JMP Securities lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price target (up 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 six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

VICI Properties Trading Down 1.0 %

NYSE:VICI opened at $31.44 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The business’s 50-day simple moving average is $32.15 and its 200 day simple moving average is $31.22. The stock has a market cap of $33.14 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties’s payout ratio is currently 64.07%.

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.