Chesley Taft & Associates LLC Takes $224,000 Position in VICI Properties Inc. (NYSE:VICI)

Chesley Taft & Associates LLC bought a new position in VICI Properties Inc. (NYSE:VICI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,655 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors have also recently modified their holdings of VICI. State Street Corp lifted its position in VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. Geode Capital Management LLC raised its position in VICI Properties by 2.2% during the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after acquiring an additional 608,696 shares during the period. Legal & General Group Plc raised its position in shares of VICI Properties by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after purchasing an additional 251,313 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after acquiring an additional 770,195 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after purchasing an additional 7,658,819 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho lowered their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Barclays initiated coverage on VICI Properties in a report on Friday, January 10th. They set an “overweight” rating and a $36.00 target price on the stock. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Finally, JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

VICI Properties Price Performance

NYSE:VICI opened at $30.27 on Wednesday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The stock’s fifty day moving average is $30.43 and its two-hundred day moving average is $31.47. The company has a market capitalization of $31.90 billion, a P/E ratio of 11.21, a P/E/G ratio of 3.75 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.72%. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

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.