Graypoint LLC Invests $211,000 in VICI Properties Inc. (NYSE:VICI)

Graypoint LLC bought a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,609 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors also recently bought and sold shares of VICI. Vanguard Group Inc. boosted its holdings in VICI Properties by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock valued at $2,810,583,000 after acquiring an additional 10,248,110 shares during the period. Norges Bank purchased a new stake in VICI Properties in the 4th quarter worth approximately $331,955,000. Invesco Ltd. lifted its holdings in VICI Properties by 19.1% in the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after buying an additional 3,798,898 shares during the period. Morgan Stanley lifted its holdings in VICI Properties by 43.8% in the 4th quarter. Morgan Stanley now owns 11,073,093 shares of the company’s stock worth $358,768,000 after buying an additional 3,372,327 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in VICI Properties by 223.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,401,889 shares of the company’s stock worth $131,132,000 after buying an additional 3,039,359 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VICI has been the subject of several research analyst reports. Mizuho dropped their price objective on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Morgan Stanley increased their price objective on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Finally, 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. Three equities research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.36.

Insider Activity at VICI Properties

In related news, Director James R. Abrahamson acquired 3,000 shares of VICI Properties stock in a transaction that occurred 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 transaction, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.

VICI Properties Stock Down 1.3 %

VICI stock opened at $27.59 on Tuesday. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.05. 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 has a market cap of $28.78 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 6.27 and a beta of 0.90. The business has a 50 day moving average of $29.30 and a 200 day moving average of $29.65.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) 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.