WINTON GROUP Ltd Boosts Position in VICI Properties Inc (NYSE:VICI)
WINTON GROUP Ltd boosted its holdings in VICI Properties Inc (NYSE:VICI) by 51.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 58,371 shares of the company’s stock after purchasing an additional 19,794 shares during the quarter. WINTON GROUP Ltd’s holdings in VICI Properties were worth $1,286,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. PGGM Investments raised its holdings in VICI Properties by 61.7% in the first quarter. PGGM Investments now owns 18,151,127 shares of the company’s stock valued at $397,147,000 after buying an additional 6,924,127 shares during the period. Principal Financial Group Inc. raised its stake in shares of VICI Properties by 354.0% during the first quarter. Principal Financial Group Inc. now owns 7,272,239 shares of the company’s stock valued at $159,116,000 after purchasing an additional 5,670,397 shares during the period. Norges Bank purchased a new stake in shares of VICI Properties during the fourth quarter valued at approximately $104,581,000. FMR LLC raised its stake in shares of VICI Properties by 64.9% during the first quarter. FMR LLC now owns 10,089,780 shares of the company’s stock valued at $220,764,000 after purchasing an additional 3,971,145 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of VICI Properties by 30.4% during the first quarter. JPMorgan Chase & Co. now owns 13,447,880 shares of the company’s stock valued at $294,240,000 after purchasing an additional 3,132,321 shares during the period. Hedge funds and other institutional investors own 92.58% of the company’s stock.
Shares of VICI stock traded up $0.09 during mid-day trading on Friday, reaching $21.37. 4,914,670 shares of the company were exchanged, compared to its average volume of 6,288,895. VICI Properties Inc has a fifty-two week low of $17.64 and a fifty-two week high of $23.27. The company has a quick ratio of 87.48, a current ratio of 87.48 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $9.81 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.66 and a beta of 0.87. The company has a 50 day moving average price of $22.20.
The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Thursday, June 27th. VICI Properties’s payout ratio is currently 80.42%.
A number of analysts have recently issued reports on the stock. Wells Fargo & Co reiterated a “buy” rating and set a $85.00 price objective on shares of Carvana in a research note on Monday, July 1st. SunTrust Banks set a $18.00 price objective on shares of Mercantil Bank and gave the company a “buy” rating in a research note on Monday, April 8th. Goldman Sachs Group upgraded shares of Las Vegas Sands to a “buy” rating in a research note on Tuesday, June 11th. Evercore ISI upgraded shares of Cerner from an “underperform” rating to an “in-line” rating and set a $64.00 price objective on the stock in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $18.00 to $15.00 in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $24.96.
VICI Properties Profile
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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