VICI Properties Inc. (NYSE:VICI) Shares Acquired by Commerce Bank

Commerce Bank lifted its position in VICI Properties Inc. (NYSE:VICI) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,232 shares of the company’s stock after acquiring an additional 1,608 shares during the period. Commerce Bank’s holdings in VICI Properties were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VICI. PNC Financial Services Group Inc. increased its holdings in VICI Properties by 10.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 94,328 shares of the company’s stock worth $3,142,000 after buying an additional 8,748 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of VICI Properties in the third quarter worth $761,000. Banque Cantonale Vaudoise raised its holdings in shares of VICI Properties by 169.2% during the third quarter. Banque Cantonale Vaudoise now owns 28,960 shares of the company’s stock worth $965,000 after purchasing an additional 18,201 shares during the last quarter. Prospera Financial Services Inc lifted its position in VICI Properties by 2.6% during the third quarter. Prospera Financial Services Inc now owns 98,299 shares of the company’s stock valued at $3,274,000 after purchasing an additional 2,493 shares during the period. Finally, Verity & Verity LLC purchased a new stake in VICI Properties in the third quarter valued at $14,229,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $32.37 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. The firm has a fifty day moving average of $32.39 and a 200 day moving average of $31.04. The firm has a market cap of $34.12 billion, a PE ratio of 11.99, a PEG ratio of 4.27 and a beta of 0.94. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.34%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is currently 64.07%.

Wall Street Analyst Weigh In

VICI has been the subject of several analyst reports. Mizuho decreased their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, November 14th. JMP Securities boosted their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Evercore ISI boosted 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.22.

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.