VICI Properties Inc. (NYSE:VICI) Shares Acquired by Carret Asset Management LLC

Carret Asset Management LLC grew its stake in VICI Properties Inc. (NYSE:VICI) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,872 shares of the company’s stock after purchasing an additional 1,650 shares during the period. Carret Asset Management LLC’s holdings in VICI Properties were worth $1,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Pathstone Family Office LLC boosted its stake in shares of VICI Properties by 286.6% in 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 in the last quarter. Louisiana State Employees Retirement System purchased a new stake in VICI Properties during the fourth quarter worth $1,996,000. International Assets Investment Management LLC boosted its position in 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 purchasing an additional 176,115 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in VICI Properties by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after purchasing an additional 183,369 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in VICI Properties by 16.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 203,768 shares of the company’s stock worth $5,930,000 after purchasing an additional 28,626 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Insider Transactions at VICI Properties

In other news, Director James R. Abrahamson acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the acquisition, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of analyst reports. Wells Fargo & Company cut 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. Mizuho cut their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, Morgan Stanley upped their target price on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.36.

VICI Properties Price Performance

Shares of VICI traded down $0.15 during trading hours on Wednesday, hitting $28.43. 5,648,523 shares of the company were exchanged, compared to its average volume of 6,219,645. The company has a market capitalization of $29.66 billion, a PE ratio of 11.48, a PEG ratio of 6.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. The firm has a fifty day simple moving average of $29.07 and a 200-day simple moving average of $29.62. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.05.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 5.84%. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

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.