CIBC Asset Management Inc Grows Stake in VICI Properties Inc. (NYSE:VICI)

CIBC Asset Management Inc grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 10.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,021 shares of the company’s stock after purchasing an additional 20,599 shares during the period. CIBC Asset Management Inc’s holdings in VICI Properties were worth $6,187,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of VICI Properties by 3.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,540,140 shares of the company’s stock worth $49,100,000 after acquiring an additional 56,595 shares during the last quarter. Hohimer Wealth Management LLC bought a new stake in shares of VICI Properties during the 4th quarter worth $2,400,000. SG Americas Securities LLC lifted its holdings in shares of VICI Properties by 671.3% during the 1st quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock worth $21,494,000 after acquiring an additional 627,979 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of VICI Properties by 15.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock worth $56,079,000 after acquiring an additional 246,983 shares during the last quarter. Finally, Bayesian Capital Management LP lifted its holdings in shares of VICI Properties by 36.5% during the 4th quarter. Bayesian Capital Management LP now owns 185,075 shares of the company’s stock worth $5,900,000 after acquiring an additional 49,500 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VICI has been the subject of several recent research reports. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Scotiabank boosted their price target on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Mizuho boosted their price target on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Evercore ISI boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.44.

VICI Properties Price Performance

VICI stock opened at $33.62 on Thursday. The firm’s 50-day moving average price is $30.83 and its two-hundred day moving average price is $29.58. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $33.83. The stock has a market capitalization of $35.07 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 5.26 and a beta of 0.92. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend was Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

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.