JPMorgan Chase & Co. Acquires 807052 Shares of VICI Properties … – MarketBeat

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JPMorgan Chase & Co. lifted its position in VICI Properties Inc. (NYSE:VICIFree Report) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,447,853 shares of the company’s stock after purchasing an additional 807,052 shares during the quarter. JPMorgan Chase & Co. owned about 1.72% of VICI Properties worth $548,386,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC increased its holdings in shares of VICI Properties by 243.7% in the second quarter. Penserra Capital Management LLC now owns 8,709 shares of the company’s stock worth $272,000 after purchasing an additional 6,175 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of VICI Properties by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 74,165 shares of the company’s stock worth $2,331,000 after purchasing an additional 1,737 shares during the last quarter. ExodusPoint Capital Management LP increased its stake in VICI Properties by 16.1% during the second quarter. ExodusPoint Capital Management LP now owns 477,840 shares of the company’s stock worth $15,019,000 after acquiring an additional 66,152 shares during the last quarter. Bessemer Group Inc. increased its stake in VICI Properties by 23.5% during the second quarter. Bessemer Group Inc. now owns 9,761 shares of the company’s stock worth $307,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in VICI Properties by 2.7% during the second quarter. Great West Life Assurance Co. Can now owns 629,820 shares of the company’s stock worth $19,895,000 after acquiring an additional 16,758 shares during the last quarter. 96.79% of the stock is owned by institutional investors.


Buy/sell, rent/lease residential &
commercials real estate properties.

VICI Properties Stock Up 1.5 %

Shares of NYSE VICI opened at $28.61 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.97 and a current ratio of 2.97. The firm has a market capitalization of $29.60 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.86 and a beta of 0.97. The stock has a 50 day moving average price of $28.79 and a 200 day moving average price of $30.49. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $35.07.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, September 21st were issued a $0.415 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.80%. VICI Properties’s payout ratio is presently 69.46%.

Wall Street Analyst Weigh In

VICI has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on VICI Properties in a research note on Wednesday, September 20th. They set an “overweight” rating and a $36.00 price objective on the stock. Wedbush initiated coverage on VICI Properties in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $31.00 price objective on the stock. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price objective on shares of VICI Properties in a research note on Tuesday, August 1st. Finally, JMP Securities dropped their target price on VICI Properties from $38.00 to $34.00 and set a “market outperform” rating for the company in a research report on Monday, October 16th. Three 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.36.

Read Our Latest Analysis on VICI

About VICI Properties

(Free Report)

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.

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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