Machina Capital S.A.S. Purchases 24,416 Shares of VICI Properties Inc. (NYSE:VICI)

Machina Capital S.A.S. grew its position in VICI Properties Inc. (NYSE:VICI) by 344.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,509 shares of the company’s stock after buying an additional 24,416 shares during the period. Machina Capital S.A.S.’s holdings in VICI Properties were worth $1,005,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of VICI Properties by 19.1% in the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock valued at $689,281,000 after buying an additional 3,798,898 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of VICI Properties by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock valued at $510,238,000 after buying an additional 86,084 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of VICI Properties by 2.0% in the 3rd quarter. Northern Trust Corp now owns 11,130,050 shares of the company’s stock valued at $323,884,000 after buying an additional 213,923 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of VICI Properties by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock valued at $295,271,000 after buying an additional 183,369 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of VICI Properties by 50.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after buying an additional 2,736,096 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Insider Activity at VICI Properties

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $28.85 per share, with a total value of $86,550.00. Following the completion of the purchase, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

VICI Properties Price Performance

VICI stock traded up $0.50 during trading on Tuesday, hitting $29.55. The stock had a trading volume of 5,517,789 shares, compared to its average volume of 6,236,069. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $33.40. The company’s 50-day moving average price is $28.91 and its two-hundred day moving average price is $29.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. The stock has a market capitalization of $30.83 billion, a P/E ratio of 11.49, a PEG ratio of 6.47 and a beta of 0.90.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors 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 5.62%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s payout ratio is 65.61%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley raised 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. Mizuho cut their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, Wells Fargo & Company decreased their price target 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.10.

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.