abrdn plc Has $33.15 Million Stake in VICI Properties Inc. (NYSE:VICI)

abrdn plc lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 36.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,080 shares of the company’s stock after selling 583,729 shares during the quarter. abrdn plc owned about 0.10% of VICI Properties worth $33,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of VICI Properties by 4.6% in the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock worth $4,577,974,000 after purchasing an additional 6,755,553 shares during the period. Capital International Investors grew its stake in VICI Properties by 7.5% during the first quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after buying an additional 4,728,903 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in VICI Properties by 37.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock valued at $337,029,000 after buying an additional 3,109,028 shares during the period. Capital Research Global Investors raised its position in shares of VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock valued at $1,117,978,000 after buying an additional 3,001,793 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of VICI Properties by 35.8% during the 1st quarter. Boston Partners now owns 8,631,164 shares of the company’s stock worth $257,094,000 after acquiring an additional 2,275,381 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.4 %

Shares of VICI opened at $32.44 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The stock has a market capitalization of $33.84 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 5.04 and a beta of 0.93. The stock has a fifty day moving average of $33.01 and a 200-day moving average of $30.61.

VICI Properties Increases Dividend

The company also recently declared 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. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.33%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.38%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VICI shares. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Evercore ISI upped their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

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.