Russell Investments Group Ltd. Buys 1,602,449 Shares of VICI Properties Inc. (NYSE:VICI)

Russell Investments Group Ltd. raised its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 41.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,436,176 shares of the company's stock after purchasing an additional 1,602,449 shares during the period. Russell Investments Group Ltd. owned approximately 0.53% of VICI Properties worth $173,313,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in shares of VICI Properties by 19.1% in the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company's stock worth $689,281,000 after buying an additional 3,798,898 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of VICI Properties by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company's stock worth $510,238,000 after buying an additional 86,084 shares during the last quarter. Northern Trust Corp boosted its stake in shares of VICI Properties by 2.0% in the 3rd quarter. Northern Trust Corp now owns 11,130,050 shares of the company's stock worth $323,884,000 after buying an additional 213,923 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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. Finally, Daiwa Securities Group Inc. boosted its stake in shares of VICI Properties by 50.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company's stock worth $261,558,000 after buying an additional 2,736,096 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Price Performance

VICI traded down $0.08 during trading on Friday, reaching $28.47. The stock had a trading volume of 6,652,230 shares, compared to its average volume of 5,629,670. The stock has a market cap of $29.70 billion, a PE ratio of 11.48, a PEG ratio of 6.42 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. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.05. The business has a 50-day moving average of $29.01 and a 200-day moving average of $29.60.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.83%. VICI Properties's dividend payout ratio is presently 66.94%.

Insider Activity at VICI Properties

In other news, Director James R. Abrahamson bought 3,000 shares of VICI Properties stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $28.85 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VICI. Mizuho cut 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. Wells Fargo & Company dropped their price objective 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, 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 note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, VICI Properties has an average rating of "Moderate Buy" and an average price target of $34.36.

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.