VICI Properties Inc. (NYSE:VICI) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in VICI Properties Inc. (NYSE:VICI) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,590 shares of the company’s stock after purchasing an additional 7,805 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in VICI Properties were worth $8,371,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its position in VICI Properties by 24.7% in the fourth quarter. Lindbrook Capital LLC now owns 5,446 shares of the company’s stock worth $174,000 after acquiring an additional 1,078 shares in the last quarter. abrdn plc grew its position in shares of VICI Properties by 3.8% during the 4th quarter. abrdn plc now owns 1,757,317 shares of the company’s stock worth $56,023,000 after buying an additional 64,143 shares during the period. J.W. Cole Advisors Inc. bought a new stake in VICI Properties in the 4th quarter valued at about $257,000. Xponance Inc. boosted its stake in VICI Properties by 3.4% in the fourth quarter. Xponance Inc. now owns 203,920 shares of the company’s stock worth $6,501,000 after buying an additional 6,645 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of VICI Properties by 50.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after acquiring an additional 2,736,096 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at VICI Properties

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of VICI Properties stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Morgan Stanley increased their target price on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Mizuho reduced their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, Wells Fargo & Company reduced their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a 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 company’s stock. According to MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.36.

VICI Properties Price Performance

VICI opened at $27.89 on Monday. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.05. The company has a fifty day simple moving average of $29.11 and a 200 day simple moving average of $29.62. The stock has a market cap of $29.09 billion, a P/E ratio of 11.25, a P/E/G ratio of 6.27 and a beta of 0.90.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.95%. 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.