Lindbrook Capital LLC Grows Holdings in VICI Properties Inc. (NYSE:VICI)

Lindbrook Capital LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 24.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,446 shares of the company’s stock after purchasing an additional 1,078 shares during the period. Lindbrook Capital LLC’s holdings in VICI Properties were worth $174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc lifted its position in shares of VICI Properties by 77.7% during the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares in the last quarter. Alaska Permanent Fund Corp lifted its holdings in VICI Properties by 87.4% during the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after buying an additional 466 shares in the last quarter. HBC Financial Services PLLC purchased a new position in VICI Properties in the 4th quarter valued at approximately $31,000. ING Groep NV acquired a new position in shares of VICI Properties in the third quarter worth $36,000. Finally, Blue Trust Inc. increased its position in shares of VICI Properties by 455.3% during the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after acquiring an additional 938 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI opened at $28.05 on Tuesday. The firm has a fifty day moving average price of $29.08 and a 200 day moving average price of $29.62. The stock has a market cap of $29.26 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 6.27 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 current ratio of 2.97 and a quick ratio of 2.97.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.92%. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

Analysts Set New Price Targets

VICI has been the subject of a number of recent research reports. 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. Wells Fargo & Company decreased their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Finally, Mizuho dropped their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.36.

Insider Buying and Selling

In other news, Director James R. Abrahamson acquired 3,000 shares of VICI Properties stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the purchase, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is currently owned by company insiders.

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.