VICI Properties Inc. (NYSE:VICI) Stock Holdings Lifted by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. raised its stake in VICI Properties Inc. (NYSE:VICIFree Report) by 12.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,830 shares of the company’s stock after acquiring an additional 1,061 shares during the period. First Citizens Bank & Trust Co.’s holdings in VICI Properties were worth $313,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. RB Capital Management LLC grew its position in VICI Properties by 19.5% during the 1st quarter. RB Capital Management LLC now owns 20,921 shares of the company’s stock worth $595,000 after purchasing an additional 3,415 shares in the last quarter. Private Advisor Group LLC purchased a new position in VICI Properties during the 1st quarter worth approximately $357,000. MetLife Investment Management LLC purchased a new position in VICI Properties during the 1st quarter worth approximately $358,000. Great West Life Assurance Co. Can grew its position in VICI Properties by 0.3% during the 1st 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 in the last quarter. Finally, Yousif Capital Management LLC grew its position in VICI Properties by 11.9% during the 1st 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 in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VICI shares. KeyCorp lowered their price objective on shares of VICI Properties from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 13th. Morgan Stanley boosted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Wedbush restated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a report on Thursday, December 14th. The Goldman Sachs Group assumed coverage on shares of VICI Properties in a report on Friday, December 8th. They set a “buy” rating and a $36.00 price target on the stock. Finally, Mizuho lowered their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.58.

Get Our Latest Report on VICI Properties

VICI Properties Stock Down 0.4 %

VICI Properties stock opened at $29.36 on Thursday. The firm has a market cap of $30.62 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 6.49 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.05. The firm has a fifty day moving average price of $29.56 and a two-hundred day moving average price of $29.72.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend is Wednesday, March 20th. VICI Properties’s dividend payout ratio is 66.94%.

Insiders Place Their Bets

In related news, Director James R. Abrahamson acquired 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of $28.85 per share, with a total value of $86,550.00. Following the completion of the transaction, 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 is available at the SEC website. Company insiders own 0.25% of the company’s stock.

VICI Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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