Westpac Banking Corp Purchases 5,079 Shares of VICI Properties Inc. (NYSE:VICI)

Westpac Banking Corp increased its position in VICI Properties Inc. (NYSE:VICI) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,820 shares of the company’s stock after purchasing an additional 5,079 shares during the quarter. Westpac Banking Corp’s holdings in VICI Properties were worth $6,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bell Investment Advisors Inc raised its position in VICI Properties by 77.7% in the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after purchasing an additional 410 shares during the last quarter. Alaska Permanent Fund Corp grew its holdings in 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 acquiring an additional 466 shares during the last quarter. HBC Financial Services PLLC acquired a new stake in VICI Properties in the 4th quarter valued at about $31,000. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 938 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of VICI Properties during the third quarter worth approximately $36,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Mizuho upped their target price on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Wells Fargo & Company reduced their price target on 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, Morgan Stanley upped their price objective on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

Insider Buying and Selling at VICI Properties

In related news, Director James R. Abrahamson bought 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the transaction, the director now directly owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

VICI Properties Stock Performance

NYSE VICI traded up $0.59 on Wednesday, reaching $30.49. The stock had a trading volume of 2,511,500 shares, compared to its average volume of 6,236,426. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $33.40. 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 company has a market cap of $31.81 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 6.66 and a beta of 0.90. The firm has a fifty day moving average of $28.91 and a two-hundred day moving average of $29.69.

VICI Properties Announces Dividend

The company also recently disclosed 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. 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 5.44%. VICI Properties’s payout ratio is 65.61%.

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.