Westpac Banking Corp Raises Position in VICI Properties Inc. (NYSE:VICI)

Westpac Banking Corp increased its position in VICI Properties Inc. (NYSE:VICIFree Report) by 2.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 188,820 shares of the company’s stock after purchasing an additional 5,079 shares during the period. Westpac Banking Corp’s holdings in VICI Properties were worth $6,020,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VICI. Avantax Advisory Services Inc. boosted its stake in shares of VICI Properties by 5.2% in the 3rd quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company’s stock worth $229,000 after buying an additional 387 shares during the last quarter. Schnieders Capital Management LLC lifted its stake in shares of VICI Properties by 0.8% in the 4th quarter. Schnieders Capital Management LLC now owns 51,843 shares of the company’s stock worth $1,653,000 after purchasing an additional 406 shares during the period. Bell Investment Advisors Inc increased its holdings in VICI Properties by 77.7% during the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after buying an additional 410 shares during the last quarter. Larson Financial Group LLC raised its holdings in VICI Properties by 0.8% in the 3rd quarter. Larson Financial Group LLC now owns 53,385 shares of the company’s stock worth $1,554,000 after purchasing an additional 435 shares during the period. Finally, Alaska Permanent Fund Corp lifted its position in shares of VICI Properties by 87.4% during the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after buying an additional 466 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director James R. Abrahamson purchased 3,000 shares of the stock in a transaction dated 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 transaction, 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 this hyperlink. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VICI shares. Mizuho upped their price target on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Morgan Stanley upped their price objective on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Finally, Wells Fargo & Company decreased their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

View Our Latest Stock Analysis on VICI

VICI Properties Trading Up 2.0 %

Shares of VICI traded up $0.59 during mid-day trading on Wednesday, reaching $30.49. The stock had a trading volume of 2,527,134 shares, compared to its average volume of 6,236,426. 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 business’s fifty day moving average is $28.91 and its 200 day moving average is $29.69. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $33.40. The firm has a market cap of $31.81 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 6.66 and a beta of 0.90.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.44%. VICI Properties’s payout ratio is currently 65.61%.

VICI Properties Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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