Larson Financial Group LLC Increases Stake in VICI Properties Inc. (NYSE:VICI)

Larson Financial Group LLC boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,280 shares of the company’s stock after buying an additional 895 shares during the quarter. Larson Financial Group LLC’s holdings in VICI Properties were worth $1,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in VICI Properties by 7.3% during the 4th quarter. California Public Employees Retirement System now owns 2,587,851 shares of the company’s stock valued at $82,501,000 after buying an additional 176,231 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in VICI Properties by 5.8% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 13,230 shares of the company’s stock valued at $422,000 after buying an additional 730 shares during the last quarter. Cetera Trust Company N.A bought a new stake in VICI Properties during the 4th quarter valued at $337,000. Handelsbanken Fonder AB raised its holdings in VICI Properties by 85.1% during the 4th quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock valued at $16,394,000 after buying an additional 236,430 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in VICI Properties by 3.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 262,590 shares of the company’s stock valued at $8,371,000 after buying an additional 7,805 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on VICI. Morgan Stanley upped their price objective on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Wells Fargo & Company cut their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report 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 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, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.36.

VICI Properties Stock Performance

Shares of NYSE:VICI traded up $0.30 during trading on Tuesday, hitting $28.34. The company’s stock had a trading volume of 1,916,198 shares, compared to its average volume of 6,135,909. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.05. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 6.27 and a beta of 0.90. The company has a 50-day moving average of $29.08 and a 200-day moving average of $29.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s payout ratio is 66.94%.

Insiders Place Their Bets

In other news, Director James R. Abrahamson bought 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.

About VICI Properties

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.