Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in VICI Properties Inc. (NYSE:VICI) by 3.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 262,590 shares of the company’s stock after purchasing an additional 7,805 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in VICI Properties were worth $8,371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Bell Investment Advisors Inc increased its holdings in shares of VICI Properties by 77.7% in the third 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 period. Alaska Permanent Fund Corp grew its holdings in VICI Properties by 87.4% during the third 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 period. HBC Financial Services PLLC acquired a new position in VICI Properties during the fourth quarter worth $31,000. ING Groep NV acquired a new position in VICI Properties during the third quarter worth $36,000. Finally, Blue Trust Inc. grew its holdings in VICI Properties by 455.3% during 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 period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VICI. Wells Fargo & Company lowered their target price on 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 upped their target price on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Finally, Mizuho reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.36.

Insiders Place Their Bets

In other news, Director James R. Abrahamson purchased 3,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the transaction, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

VICI Properties Stock Performance

NYSE VICI opened at $27.89 on Monday. The business’s 50-day moving average price is $29.11 and its 200 day moving average price is $29.62. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.05. The company has a market capitalization of $29.09 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 6.27 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 company also recently declared 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 5.95%. VICI Properties’s dividend payout ratio is presently 66.94%.

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.