ING Groep NV Acquires 5,675 Shares of VICI Properties Inc. (NYSE:VICI)

ING Groep NV lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,901 shares of the company’s stock after acquiring an additional 5,675 shares during the quarter. ING Groep NV’s holdings in VICI Properties were worth $6,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Nicola Wealth Management LTD. lifted its position in shares of VICI Properties by 9.3% in the 3rd quarter. Nicola Wealth Management LTD. now owns 54,985 shares of the company’s stock worth $1,832,000 after purchasing an additional 4,700 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in VICI Properties by 12.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 28,222 shares of the company’s stock worth $940,000 after buying an additional 3,169 shares in the last quarter. Metis Global Partners LLC lifted its holdings in VICI Properties by 6.8% in the third quarter. Metis Global Partners LLC now owns 63,289 shares of the company’s stock worth $2,108,000 after buying an additional 4,054 shares during the period. Huntington National Bank boosted its position in VICI Properties by 13.8% during the 3rd quarter. Huntington National Bank now owns 4,291 shares of the company’s stock valued at $143,000 after acquiring an additional 521 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of VICI Properties by 390.4% during the 3rd quarter. KBC Group NV now owns 374,081 shares of the company’s stock worth $12,460,000 after acquiring an additional 297,807 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $31.66 on Friday. The stock has a market cap of $33.38 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 4.15 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm’s 50-day moving average is $32.58 and its 200 day moving average is $30.88.

VICI Properties Increases Dividend

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

Wall Street Analyst Weigh In

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

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.