VICI Properties Inc. (NYSE:VICI) Shares Acquired by Insight Folios Inc

Insight Folios Inc lifted its position in VICI Properties Inc. (NYSE:VICI) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,918 shares of the company’s stock after acquiring an additional 827 shares during the period. Insight Folios Inc’s holdings in VICI Properties were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cohen & Steers Inc. lifted its position in VICI Properties by 132.0% during the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after purchasing an additional 19,788,229 shares during the period. Norges Bank purchased a new position in shares of VICI Properties during the 4th quarter valued at about $460,431,000. Capital International Investors lifted its holdings in shares of VICI Properties by 17.4% in the 4th quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock valued at $2,004,648,000 after buying an additional 9,317,582 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of VICI Properties by 50.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock worth $261,558,000 after buying an additional 2,736,096 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its holdings in VICI Properties by 248.9% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,480,668 shares of the company’s stock worth $79,084,000 after acquiring an additional 1,769,700 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI traded down $0.02 during mid-day trading on Thursday, hitting $27.75. 2,866,864 shares of the company were exchanged, compared to its average volume of 5,821,846. The stock has a market cap of $28.95 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $33.40. The company has a 50 day moving average of $28.72 and a 200-day moving average of $29.50.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were given a $0.415 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 5.98%. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Mizuho upped their price objective on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Wells Fargo & Company lowered their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a report on Friday, June 21st. Finally, Scotiabank increased 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 note on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

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.