Xponance Inc. Raises Position in VICI Properties Inc. (NYSE:VICI)

Xponance Inc. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 203,920 shares of the company’s stock after buying an additional 6,645 shares during the quarter. Xponance Inc.’s holdings in VICI Properties were worth $6,501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VICI. Daiwa Securities Group Inc. lifted its holdings in VICI Properties by 50.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock worth $261,558,000 after buying an additional 2,736,096 shares in the last quarter. Steph & Co. purchased a new position in VICI Properties in the fourth quarter valued at about $133,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in VICI Properties by 38.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 688,291 shares of the company’s stock valued at $21,943,000 after purchasing an additional 192,661 shares in the last quarter. SVB Wealth LLC purchased a new stake in VICI Properties during the 4th quarter worth approximately $242,000. Finally, Mackenzie Financial Corp boosted its stake in shares of VICI Properties by 0.4% during the 4th quarter. Mackenzie Financial Corp now owns 148,941 shares of the company’s stock valued at $4,748,000 after buying an additional 615 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at VICI Properties

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $28.85 per share, with a total value of $86,550.00. Following the purchase, the director now directly owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the subject of several research reports. Morgan Stanley lifted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Wells Fargo & Company cut their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Finally, Mizuho cut their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Stock Up 1.3 %

VICI stock opened at $27.89 on Friday. The firm’s 50-day moving average is $29.11 and its two-hundred day moving average is $29.60. The company has a market capitalization of $29.09 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 6.18 and a beta of 0.90. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.05. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

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.