VICI Properties Inc. (NYSE:VICI) Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,471,590 shares of the company's stock after acquiring an additional 140,070 shares during the period. VICI Properties accounts for approximately 1.3% of Duff & Phelps Investment Management Co.'s investment portfolio, making the stock its 25th biggest holding. Duff & Phelps Investment Management Co. owned approximately 0.34% of VICI Properties worth $110,674,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VICI. Kestra Private Wealth Services LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth about $347,000. Van ECK Associates Corp increased its position in VICI Properties by 6.8% during the fourth quarter. Van ECK Associates Corp now owns 512,608 shares of the company's stock worth $16,342,000 after buying an additional 32,525 shares during the period. Choreo LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $434,000. Mather Group LLC. grew its position in shares of VICI Properties by 5.5% during the fourth quarter. Mather Group LLC. now owns 10,841 shares of the company's stock worth $346,000 after acquiring an additional 561 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of VICI Properties by 41.8% in the 4th quarter. Russell Investments Group Ltd. now owns 5,436,176 shares of the company's stock valued at $173,313,000 after acquiring an additional 1,602,449 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VICI shares. Morgan Stanley lifted 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. Mizuho lowered their price objective on shares of VICI Properties from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, March 7th. Finally, Wells Fargo & Company cut their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.36.

VICI Properties Price Performance

VICI stock traded down $0.50 on Tuesday, reaching $28.55. The company had a trading volume of 7,193,796 shares, compared to its average volume of 6,204,305. The company's fifty day moving average is $29.00 and its 200 day moving average is $29.60. The company has a market cap of $29.78 billion, a P/E ratio of 11.71, a PEG ratio of 6.40 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 1 year low of $26.63 and a 1 year high of $34.05.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.81%. VICI Properties's payout ratio is 66.94%.

Insider Transactions at VICI Properties

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

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.