1832 Asset Management L.P. Purchases 302,414 Shares of VICI Properties Inc. (NYSE:VICI)

1832 Asset Management L.P. increased its stake in VICI Properties Inc. (NYSE:VICI) by 168.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 482,005 shares of the company’s stock after buying an additional 302,414 shares during the period. 1832 Asset Management L.P.’s holdings in VICI Properties were worth $14,359,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. boosted its stake in VICI Properties by 3.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,540,140 shares of the company’s stock worth $49,100,000 after purchasing an additional 56,595 shares in the last quarter. Hohimer Wealth Management LLC purchased a new stake in VICI Properties in the 4th quarter worth $2,400,000. Handelsbanken Fonder AB increased its holdings in VICI Properties by 85.1% in the 4th quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock worth $16,394,000 after acquiring an additional 236,430 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in VICI Properties in the 4th quarter worth $1,996,000. Finally, International Assets Investment Management LLC grew its holdings in shares of VICI Properties by 3,074.1% during the fourth quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock worth $5,704,000 after buying an additional 176,115 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

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

VICI Properties Trading Up 1.3 %

Shares of NYSE VICI traded up $0.40 on Friday, reaching $30.88. 5,112,251 shares of the company traded hands, compared to its average volume of 6,025,789. 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 50 day moving average of $28.80 and a 200 day moving average of $29.25. The stock has a market capitalization of $32.21 billion, a PE ratio of 12.21, a P/E/G ratio of 2.73 and a beta of 0.92.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s dividend payout ratio is presently 65.61%.

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.