6,722 Shares in VICI Properties Inc. (NYSE:VICI) Purchased by Renaissance Group LLC

Renaissance Group LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,722 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in shares of VICI Properties by 85.1% in the fourth quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock worth $16,394,000 after buying an additional 236,430 shares in the last quarter. Pathstone Family Office LLC grew its position in shares of VICI Properties by 286.6% during the 3rd quarter. Pathstone Family Office LLC now owns 28,151 shares of the company’s stock valued at $822,000 after purchasing an additional 20,869 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of VICI Properties in the fourth quarter worth $1,996,000. International Assets Investment Management LLC boosted its stake in VICI Properties by 3,074.1% during the fourth quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock valued at $5,704,000 after buying an additional 176,115 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in VICI Properties by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after buying an additional 183,369 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.2 %

VICI Properties stock traded down $0.06 during trading hours on Wednesday, reaching $30.06. The company had a trading volume of 321,251 shares, compared to its average volume of 6,133,744. 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 12-month low of $26.63 and a 12-month high of $33.40. The company has a 50-day moving average price of $29.02 and a 200 day moving average price of $29.76. The firm has a market cap of $31.36 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 2.47 and a beta of 0.90.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.52%. VICI Properties’s dividend payout ratio is currently 65.61%.

Analysts Set New Price Targets

Several research analysts recently weighed in on VICI shares. Mizuho upped their price objective on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Morgan Stanley raised their price objective on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Scotiabank upped their target price on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Company lowered 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.18.

Insider Buying and Selling at VICI Properties

In other news, Director James R. Abrahamson acquired 3,000 shares of the firm’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 owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

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.