Capital Group Private Client Services Inc. Buys 6,240 Shares of VICI Properties Inc. (NYSE:VICI)

Capital Group Private Client Services Inc. increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 380,779 shares of the company’s stock after acquiring an additional 6,240 shares during the period. Capital Group Private Client Services Inc.’s holdings in VICI Properties were worth $11,343,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HBC Financial Services PLLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at about $31,000. Tucker Asset Management LLC raised its position in VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after buying an additional 1,020 shares during the last quarter. Blue Trust Inc. lifted its stake in VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after acquiring an additional 938 shares in the last quarter. Quarry LP boosted its position in VICI Properties by 143.1% during the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock worth $40,000 after acquiring an additional 741 shares during the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of VICI Properties during the 4th quarter worth approximately $45,000. 97.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Scotiabank boosted their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Morgan Stanley restated an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research note on Friday, June 21st. Finally, Mizuho raised their price objective on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

VICI Properties Stock Performance

NYSE:VICI traded up $0.41 during mid-day trading on Friday, hitting $30.89. The stock had a trading volume of 5,112,213 shares, compared to its average volume of 6,263,748. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $33.40. The stock has a market cap of $32.22 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.67 and a beta of 0.92. The company’s 50 day simple moving average is $28.79 and its 200 day simple moving average is $29.26.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were given a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.37%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

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.