VICI Properties Inc. (NYSE:VICI) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 3,074.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 181,844 shares of the company’s stock after buying an additional 176,115 shares during the quarter. International Assets Investment Management LLC’s holdings in VICI Properties were worth $5,704,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pathstone Family Office LLC lifted its position in VICI Properties by 286.6% in the third quarter. Pathstone Family Office LLC now owns 28,151 shares of the company’s stock valued at $822,000 after buying an additional 20,869 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 purchasing an additional 183,369 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of VICI Properties by 16.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 203,768 shares of the company’s stock worth $5,930,000 after purchasing an additional 28,626 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of VICI Properties by 58.0% during the third quarter. Teacher Retirement System of Texas now owns 755,309 shares of the company’s stock worth $21,979,000 after purchasing an additional 277,143 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of VICI Properties by 180.4% during the fourth quarter. Pacer Advisors Inc. now owns 178,668 shares of the company’s stock worth $5,696,000 after purchasing an additional 114,943 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 1.7 %

Shares of NYSE:VICI opened at $29.55 on Wednesday. The stock has a market cap of $30.83 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 6.47 and a beta of 0.90. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $33.40. 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 firm’s 50 day moving average price is $28.92 and its 200 day moving average price is $29.62.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 5.62%. VICI Properties’s dividend payout ratio is currently 65.61%.

Insider Buying and Selling at VICI Properties

In related news, Director James R. Abrahamson purchased 3,000 shares of the company’s stock in a transaction on 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 completion of the purchase, the director now directly owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Mizuho reduced their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Morgan Stanley increased their price target on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Finally, Wells Fargo & Company reduced their price target on shares of 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $34.10.

About VICI Properties

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.