Charles Schwab Investment Management Inc. Purchases 461,873 Shares of VICI Properties Inc. (NYSE:VICI)

Charles Schwab Investment Management Inc. lifted its position in VICI Properties Inc. (NYSE:VICI) by 4.6% in the 4th quarter, Holdings Channel reports. The fund owned 10,608,645 shares of the company’s stock after acquiring an additional 461,873 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in VICI Properties were worth $338,204,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VICI. Invesco Ltd. grew its stake 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 worth $689,281,000 after buying an additional 3,798,898 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in VICI Properties by 50.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after purchasing an additional 2,736,096 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in VICI Properties by 41.8% during the 4th quarter. Russell Investments Group Ltd. now owns 5,436,176 shares of the company’s stock valued at $173,313,000 after purchasing an additional 1,602,449 shares during the last quarter. American Century Companies Inc. boosted its stake in VICI Properties by 51.4% during the 3rd quarter. American Century Companies Inc. now owns 4,102,589 shares of the company’s stock valued at $119,385,000 after purchasing an additional 1,393,365 shares during the last quarter. Finally, Apollo Management Holdings L.P. purchased a new stake in VICI Properties during the 3rd quarter valued at $37,539,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI Properties stock traded down $0.33 during trading on Wednesday, reaching $29.22. The company had a trading volume of 2,931,884 shares, compared to its average volume of 6,217,125. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $33.40. The firm’s 50-day simple moving average is $28.92 and its 200 day simple moving average is $29.62. The firm has a market capitalization of $30.48 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 6.47 and a beta of 0.90. 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 business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.68%. VICI Properties’s dividend payout ratio is currently 65.61%.

Wall Street Analyst Weigh In

Several brokerages have commented on VICI. Morgan Stanley increased their target price on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Mizuho cut their target price on 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 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.10.

Insider Buying and Selling

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