Charles Schwab Investment Management Inc. Buys 461,873 Shares of VICI Properties Inc. (NYSE:VICI)

Charles Schwab Investment Management Inc. increased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,608,645 shares of the company's stock after acquiring an additional 461,873 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.03% of VICI Properties worth $338,204,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of VICI. Commonwealth Equity Services LLC lifted its stake in shares of VICI Properties by 31.9% in the third quarter. Commonwealth Equity Services LLC now owns 139,868 shares of the company's stock worth $4,070,000 after acquiring an additional 33,854 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in VICI Properties by 0.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 495,630 shares of the company's stock worth $14,423,000 after buying an additional 4,071 shares in the last quarter. Advisor Partners II LLC grew its holdings in VICI Properties by 12.6% in the 3rd quarter. Advisor Partners II LLC now owns 29,064 shares of the company's stock worth $846,000 after buying an additional 3,249 shares in the last quarter. Park Avenue Securities LLC grew its holdings in VICI Properties by 21.0% in the 3rd quarter. Park Avenue Securities LLC now owns 12,816 shares of the company's stock worth $373,000 after buying an additional 2,227 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in VICI Properties by 4.6% in the 3rd quarter. TD Asset Management Inc now owns 467,032 shares of the company's stock worth $13,591,000 after buying an additional 20,383 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Price Performance

NYSE VICI traded down $0.29 during trading on Wednesday, reaching $29.26. 5,892,141 shares of the company traded hands, compared to its average volume of 6,257,235. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $33.40. 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 stock's 50 day moving average price is $28.92 and its two-hundred day moving average price is $29.62. The company has a market cap of $30.52 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 6.47 and a beta of 0.90.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 5.67%. VICI Properties's dividend payout ratio is presently 65.61%.

Insider Activity

In other news, Director James R. Abrahamson bought 3,000 shares of VICI Properties stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now owns 139,342 shares of the company's stock, valued at $4,020,016.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VICI has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 6th. Mizuho lowered their target price 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, Morgan Stanley raised their price target 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and an average target price of $34.10.

About VICI Properties

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.