Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 284,954 shares of the company’s stock after purchasing an additional 9,286 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in VICI Properties were worth $9,084,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VICI. Vanguard Group Inc. boosted its position in VICI Properties by 11.6% during the first quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock worth $2,810,583,000 after purchasing an additional 10,248,110 shares in the last quarter. Norges Bank purchased a new position in shares of VICI Properties in the fourth quarter valued at approximately $331,955,000. Invesco Ltd. lifted its position in shares of VICI Properties by 19.1% in the third quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock valued at $689,281,000 after acquiring an additional 3,798,898 shares in the last quarter. Morgan Stanley lifted its position in shares of VICI Properties by 43.8% in the fourth quarter. Morgan Stanley now owns 11,073,093 shares of the company’s stock valued at $358,768,000 after acquiring an additional 3,372,327 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of VICI Properties by 223.1% in the second quarter. Goldman Sachs Group Inc. now owns 4,401,889 shares of the company’s stock valued at $131,132,000 after acquiring an additional 3,039,359 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Insiders Place Their Bets

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $28.85 per share, with a total value of $86,550.00. Following the completion of the purchase, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by insiders.

VICI Properties Price Performance

VICI stock opened at $27.94 on Friday. The business has a fifty day moving average of $29.34 and a two-hundred day moving average of $29.66. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock has a market cap of $29.14 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 6.33 and a beta of 0.90. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.05.

VICI Properties Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 5.94%. VICI Properties’s dividend payout ratio (DPR) is 66.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VICI. Mizuho decreased their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Wells Fargo & Company decreased their target price 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 lifted their price objective on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average price target of $34.36.

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.