Xponance Inc. Purchases 6,645 Shares of VICI Properties Inc. (NYSE:VICI)

Xponance Inc. raised its position in VICI Properties Inc. (NYSE:VICI) by 3.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 203,920 shares of the company’s stock after purchasing an additional 6,645 shares during the quarter. Xponance Inc.’s holdings in VICI Properties were worth $6,501,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its position in VICI Properties by 50.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock worth $261,558,000 after acquiring an additional 2,736,096 shares during the last quarter. Steph & Co. bought a new stake in shares of VICI Properties during the fourth quarter worth $133,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of VICI Properties by 38.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 688,291 shares of the company’s stock valued at $21,943,000 after buying an additional 192,661 shares during the last quarter. SVB Wealth LLC acquired a new position in VICI Properties during the 4th quarter worth about $242,000. Finally, Mackenzie Financial Corp grew its holdings in VICI Properties by 0.4% during the 4th quarter. Mackenzie Financial Corp now owns 148,941 shares of the company’s stock worth $4,748,000 after acquiring an additional 615 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VICI shares. Wells Fargo & Company dropped their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Mizuho dropped their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Morgan Stanley increased their price objective 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 issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.36.

Insider Transactions at VICI Properties

In other news, Director James R. Abrahamson purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

VICI Properties Stock Up 1.3 %

NYSE:VICI opened at $27.89 on Friday. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.05. The stock’s fifty day simple moving average is $29.11 and its 200-day simple moving average is $29.60. The firm has a market capitalization of $29.09 billion, a P/E ratio of 11.25, a P/E/G ratio of 6.18 and a beta of 0.90.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is currently 66.94%.

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.