VICI Properties Inc. (NYSE:VICI) Shares Bought by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 577,899 shares of the company’s stock after purchasing an additional 8,249 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in VICI Properties were worth $18,423,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VICI. RB Capital Management LLC boosted its holdings in shares of VICI Properties by 19.5% in the 1st quarter. RB Capital Management LLC now owns 20,921 shares of the company’s stock valued at $595,000 after purchasing an additional 3,415 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of VICI Properties during the 1st quarter valued at $357,000. MetLife Investment Management LLC acquired a new position in shares of VICI Properties during the 1st quarter valued at $358,000. Great West Life Assurance Co. Can lifted its holdings in shares of 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 valued at $4,334,000 after acquiring an additional 485 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of VICI Properties by 11.9% during the 1st quarter. Yousif Capital Management LLC now owns 36,900 shares of the company’s stock valued at $1,050,000 after acquiring an additional 3,938 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI opened at $29.32 on Friday. The company has a 50-day moving average of $29.51 and a 200-day moving average of $29.70. The company has a market capitalization of $30.58 billion, a P/E ratio of 11.82, a PEG ratio of 6.58 and a beta of 0.90. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.05. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s dividend payout ratio is presently 66.94%.

Insider Activity at VICI Properties

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VICI shares. Mizuho reduced their target price 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. Wedbush restated a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a report on Thursday, December 14th. KeyCorp dropped their price target on shares of VICI Properties from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 13th. Morgan Stanley lifted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Finally, Wells Fargo & Company dropped their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.