Daiwa Securities Group Inc. Acquires 2,736,096 Shares of VICI Properties Inc. (NYSE:VICI)

Daiwa Securities Group Inc. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,204,469 shares of the company's stock after buying an additional 2,736,096 shares during the quarter. VICI Properties makes up about 1.6% of Daiwa Securities Group Inc.'s investment portfolio, making the stock its 14th largest holding. Daiwa Securities Group Inc. owned approximately 0.79% of VICI Properties worth $261,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in VICI. RB Capital Management LLC grew its position in shares of VICI Properties by 19.5% during the first quarter. RB Capital Management LLC now owns 20,921 shares of the company's stock worth $595,000 after buying an additional 3,415 shares in the last quarter. Private Advisor Group LLC acquired a new position in VICI Properties in the first quarter worth $357,000. MetLife Investment Management LLC acquired a new position in VICI Properties in the first quarter worth $358,000. Great West Life Assurance Co. Can boosted its holdings in VICI Properties by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 144,291 shares of the company's stock worth $4,334,000 after purchasing an additional 485 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in VICI Properties by 11.9% in the first quarter. Yousif Capital Management LLC now owns 36,900 shares of the company's stock worth $1,050,000 after purchasing an additional 3,938 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

Insider Activity at VICI Properties

In related news, Director James R. Abrahamson acquired 3,000 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the purchase, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company's stock.

VICI Properties Stock Performance

Shares of VICI traded up $0.05 during midday trading on Wednesday, hitting $27.20. 4,059,254 shares of the stock traded hands, compared to its average volume of 6,179,916. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.05. The firm has a market capitalization of $28.37 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 6.19 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The business's 50 day moving average price is $29.19 and its two-hundred day moving average price is $29.62.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date was Wednesday, March 20th. VICI Properties's dividend payout ratio is currently 66.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 6th. Mizuho decreased their price objective on shares of 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 lifted their price objective on shares of VICI Properties from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and a consensus price target of $34.36.

VICI Properties 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.