VICI Properties Inc. (NYSE:VICI) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. raised its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,129,159 shares of the company's stock after purchasing an additional 102,721 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.50% of VICI Properties worth $163,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VICI. Bell Investment Advisors Inc raised its position in shares of VICI Properties by 77.7% during the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company's stock worth $27,000 after acquiring an additional 410 shares in the last quarter. Alaska Permanent Fund Corp raised 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 worth $29,000 after acquiring an additional 466 shares in the last quarter. HBC Financial Services PLLC acquired a new stake in shares of VICI Properties during the 4th quarter worth about $31,000. ING Groep NV purchased a new position in VICI Properties during the 3rd quarter worth approximately $36,000. Finally, Blue Trust Inc. grew its stake in VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company's stock worth $36,000 after buying an additional 938 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VICI. Morgan Stanley raised their price target on VICI Properties from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Monday, March 18th. Wells Fargo & Company dropped their price target on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 6th. Finally, Mizuho dropped their price target 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $34.36.

Insider Activity

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of VICI Properties stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, with a total value of $86,550.00. Following the acquisition, the director now directly owns 139,342 shares of the company's stock, valued at $4,020,016.70. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.25% of the company's stock.

VICI Properties Price Performance

Shares of VICI traded down $0.43 during mid-day trading on Tuesday, hitting $27.15. The company's stock had a trading volume of 5,309,546 shares, compared to its average volume of 6,208,952. 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 50-day simple moving average of $29.24 and a 200 day simple moving average of $29.64. The firm has a market capitalization of $28.32 billion, a P/E ratio of 10.95, a P/E/G ratio of 6.27 and a beta of 0.90. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.05.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 6.12%. VICI Properties's dividend payout ratio is currently 66.94%.

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.