Bleakley Financial Group LLC Boosts Stock Position in VICI Properties Inc. (NYSE:VICI)

Bleakley Financial Group LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,719 shares of the company’s stock after purchasing an additional 2,303 shares during the quarter. Bleakley Financial Group LLC’s holdings in VICI Properties were worth $1,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc lifted its position in VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after buying an additional 410 shares during the last quarter. Alaska Permanent Fund Corp lifted its position in VICI Properties by 87.4% in the third quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after buying an additional 466 shares during the last quarter. ING Groep NV bought a new stake in VICI Properties in the third quarter worth $36,000. Blue Trust Inc. lifted its position in VICI Properties by 455.3% in the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after buying an additional 938 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in VICI Properties in the third quarter worth $41,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at VICI Properties

In related news, Director James R. Abrahamson bought 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price 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 $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by insiders.

VICI Properties Stock Performance

VICI stock opened at $28.09 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. The business has a 50-day moving average price of $29.45 and a 200 day moving average price of $29.68. The company has a market capitalization of $29.30 billion, a P/E ratio of 11.33, a PEG ratio of 6.65 and a beta of 0.90. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.05.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 5.91%. VICI Properties’s payout ratio is currently 66.94%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wedbush restated a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a research report on Thursday, December 14th. Mizuho decreased their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company 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 for the company in a research report on Wednesday, March 6th. KeyCorp decreased their target price on VICI Properties from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, December 13th. Finally, Morgan Stanley lifted their target price 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Company 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.