VICI Properties Inc. (NYSE:VICI) Shares Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. boosted its stake in VICI Properties Inc. (NYSE:VICIFree Report) by 12.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,830 shares of the company’s stock after acquiring an additional 1,061 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in VICI Properties were worth $313,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of VICI Properties by 11.6% in the first quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock valued at $2,810,583,000 after buying an additional 10,248,110 shares during the last quarter. Norges Bank acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $331,955,000. Invesco Ltd. increased its holdings in shares of VICI Properties by 19.1% in the third quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock valued at $689,281,000 after purchasing an additional 3,798,898 shares during the last quarter. Morgan Stanley increased its holdings in shares of VICI Properties by 43.8% in the fourth quarter. Morgan Stanley now owns 11,073,093 shares of the company’s stock valued at $358,768,000 after purchasing an additional 3,372,327 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of VICI Properties by 223.1% in the second quarter. Goldman Sachs Group Inc. now owns 4,401,889 shares of the company’s stock valued at $131,132,000 after purchasing an additional 3,039,359 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on VICI. KeyCorp cut their price target on VICI Properties from $36.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, December 13th. Mizuho cut their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. The Goldman Sachs Group started coverage on VICI Properties in a report on Friday, December 8th. They issued a “buy” rating and a $36.00 price target for the company. Wells Fargo & Company cut their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Finally, Morgan Stanley raised their target price on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.58.

Get Our Latest Research Report on VICI

Insider Transactions at VICI Properties

In related news, Director James R. Abrahamson bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the acquisition, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

VICI Properties Trading Down 0.4 %

VICI opened at $29.36 on Thursday. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.05. The business has a fifty day simple moving average of $29.56 and a 200-day simple moving average of $29.72. The firm has a market cap of $30.62 billion, a P/E ratio of 11.84, a P/E/G ratio of 6.49 and a beta of 0.90. 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 Announces Dividend

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

About VICI Properties

(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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