Van ECK Associates Corp Raises Holdings in VICI Properties Inc. (NYSE:VICI)

Van ECK Associates Corp boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 6.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 512,608 shares of the company’s stock after acquiring an additional 32,525 shares during the period. Van ECK Associates Corp’s holdings in VICI Properties were worth $16,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VICI. Handelsbanken Fonder AB lifted its stake in shares of VICI Properties by 85.1% during the 4th quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock worth $16,394,000 after purchasing an additional 236,430 shares during the last quarter. Pathstone Family Office LLC lifted its position in shares of VICI Properties by 286.6% during the third quarter. Pathstone Family Office LLC now owns 28,151 shares of the company’s stock valued at $822,000 after buying an additional 20,869 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of VICI Properties in the 4th quarter valued at about $1,996,000. International Assets Investment Management LLC grew its position in shares of VICI Properties by 3,074.1% in the 4th 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of VICI Properties by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after buying an additional 183,369 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Wells Fargo & Company decreased their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Finally, Mizuho dropped 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. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.10.

VICI Properties Trading Up 1.2 %

NYSE:VICI opened at $28.90 on Thursday. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $28.97 and a 200-day simple moving average of $29.60. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $33.46. The company has a market capitalization of $30.15 billion, a P/E ratio of 11.65, a PEG ratio of 6.42 and a beta of 0.90.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 5.74%. VICI Properties’s payout ratio is presently 66.94%.

Insider Activity

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of VICI Properties stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $28.85 per share, with a total value of $86,550.00. Following the transaction, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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.