West Bancorporation Inc. Purchases New Position in VICI Properties Inc. (NYSE:VICI)

West Bancorporation Inc. acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,889 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in VICI Properties by 4.6% during the 1st 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 last quarter. Capital International Investors grew its holdings in shares of 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 during the last quarter. Daiwa Securities Group Inc. increased its position 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 acquiring an additional 3,109,028 shares during the period. Capital Research Global Investors raised its stake in VICI Properties by 8.7% during 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 acquiring an additional 3,001,793 shares during the last quarter. Finally, Boston Partners lifted its position in 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 and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VICI shares. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI boosted their price objective 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 analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

VICI Properties Price Performance

VICI Properties stock traded down $0.71 during midday trading on Friday, reaching $32.10. The company’s stock had a trading volume of 3,824,495 shares, compared to its average volume of 5,729,769. The firm has a market capitalization of $33.49 billion, a PE ratio of 12.69, a P/E/G ratio of 5.15 and a beta of 0.93. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The stock’s 50 day simple moving average is $33.00 and its 200 day simple moving average is $30.53. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.39%. VICI Properties’s payout ratio is currently 68.38%.

VICI Properties 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.