Mirae Asset Global Investments Co. Ltd. Has $6.99 Million Stake in VICI Properties Inc. (NYSE:VICI)

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of VICI Properties Inc. (NYSE:VICIFree Report) by 19.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,774 shares of the company’s stock after selling 56,180 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in VICI Properties were worth $6,990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC raised its position in shares of VICI Properties by 0.8% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 44,565 shares of the company’s stock valued at $1,421,000 after buying an additional 355 shares during the last quarter. Bard Associates Inc. raised its position in shares of VICI Properties by 0.5% during the fourth quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock valued at $2,570,000 after buying an additional 395 shares during the last quarter. Schnieders Capital Management LLC raised its position in shares of VICI Properties by 0.8% during the fourth quarter. Schnieders Capital Management LLC now owns 51,843 shares of the company’s stock valued at $1,653,000 after buying an additional 406 shares during the last quarter. Courier Capital LLC raised its position in shares of VICI Properties by 2.0% during the first quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock valued at $627,000 after buying an additional 417 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of VICI Properties by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock valued at $1,674,000 after buying an additional 448 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Down 0.7 %

Shares of VICI Properties stock opened at $27.64 on Wednesday. The stock has a market capitalization of $28.83 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 2.46 and a beta of 0.92. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $33.40. The firm’s 50-day moving average price is $28.64 and its two-hundred day moving average price is $29.38.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were paid a dividend of $0.415 per share. The ex-dividend date was Tuesday, June 18th. This represents a $1.66 annualized dividend and a yield of 6.01%. VICI Properties’s dividend payout ratio is 65.61%.

Wall Street Analyst Weigh In

VICI has been the subject of a number of research analyst reports. Scotiabank upped their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Finally, Mizuho increased their price target on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.44.

Read Our Latest Analysis on VICI Properties

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.

Featured Stories

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

Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.