GAMMA Investing LLC Acquires New Shares in VICI Properties Inc. (NYSE:VICI)

GAMMA Investing LLC bought a new position in VICI Properties Inc. (NYSE:VICI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,531 shares of the company’s stock, valued at approximately $167,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bell Investment Advisors Inc increased its holdings in VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after buying an additional 410 shares during the last quarter. Alaska Permanent Fund Corp increased its stake in shares of VICI Properties by 87.4% during the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after purchasing an additional 466 shares during the last quarter. HBC Financial Services PLLC bought a new position in shares of VICI Properties during the 4th quarter valued at $31,000. ING Groep NV acquired a new stake in shares of VICI Properties in the 3rd quarter valued at $36,000. Finally, Blue Trust Inc. boosted its holdings in VICI Properties by 455.3% in the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after purchasing an additional 938 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at VICI Properties

In related news, Director James R. Abrahamson bought 3,000 shares of VICI Properties stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the purchase, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

VICI Properties Stock Down 0.3 %

VICI stock opened at $28.47 on Friday. 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 Inc. has a 52-week low of $26.63 and a 52-week high of $34.05. The company has a 50-day moving average of $29.03 and a two-hundred day moving average of $29.60. The stock has a market capitalization of $29.70 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 6.42 and a beta of 0.90.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.83%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s payout ratio is presently 66.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VICI shares. Wells Fargo & Company decreased their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Mizuho decreased their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, 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. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.36.

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.