CIBC Asset Management Inc Acquires 6,700 Shares of VICI Properties Inc. (NYSE:VICI)

CIBC Asset Management Inc lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,956 shares of the company’s stock after purchasing an additional 6,700 shares during the period. CIBC Asset Management Inc’s holdings in VICI Properties were worth $6,892,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VICI. Continuum Advisory LLC grew its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the period. Quent Capital LLC boosted its stake in VICI Properties by 27.1% during the fourth quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock worth $64,000 after acquiring an additional 468 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after purchasing an additional 1,630 shares during the period. Harbor Capital Advisors Inc. bought a new stake in VICI Properties in the third quarter valued at $67,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of VICI Properties by 1,774.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,343 shares of the company’s stock worth $78,000 after purchasing an additional 2,218 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Barclays cut their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Finally, Truist Financial decreased their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Trading Up 0.4 %

NYSE:VICI opened at $30.49 on Thursday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The firm has a 50-day moving average price of $29.60 and a two-hundred day moving average price of $31.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market cap of $32.14 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 3.83 and a beta of 0.95.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.67%. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

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.