VICI Properties Inc. (NYSE:VICI) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 16.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,397 shares of the company’s stock after purchasing an additional 3,039 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in VICI Properties were worth $682,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. Bell Investment Advisors Inc boosted its holdings in shares of VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after acquiring an additional 410 shares during the period. Alaska Permanent Fund Corp boosted its holdings in shares of VICI Properties by 87.4% in the third quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after acquiring an additional 466 shares during the period. HBC Financial Services PLLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $31,000. ING Groep NV acquired a new stake in shares of VICI Properties in the third quarter valued at approximately $36,000. Finally, Blue Trust Inc. boosted its holdings in shares of VICI Properties by 455.3% in the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after acquiring an additional 938 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. 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 report on Monday, March 18th. Mizuho decreased 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. Finally, Wells Fargo & Company decreased their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average price target of $34.36.

Insider Buying and Selling

In related news, Director James R. Abrahamson acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the transaction, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.

VICI Properties Trading Down 0.3 %

Shares of VICI stock opened at $28.47 on Friday. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.05. The stock has a market cap of $29.70 billion, a P/E ratio of 11.48, a P/E/G ratio of 6.42 and a beta of 0.90. The business has a fifty day simple moving average of $29.03 and a 200-day simple moving average of $29.60. 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 business 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 yield of 5.83%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio is presently 66.94%.

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.