VICI Properties Inc. (NYSE:VICI) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in VICI Properties Inc. (NYSE:VICI) by 3,034.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 491,504 shares of the company’s stock after acquiring an additional 475,822 shares during the quarter. Los Angeles Capital Management LLC’s holdings in VICI Properties were worth $15,669,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Invesco Ltd. increased its holdings in VICI Properties by 19.1% in the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after acquiring an additional 3,798,898 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of VICI Properties by 50.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after purchasing an additional 2,736,096 shares during the period. Russell Investments Group Ltd. increased its stake in shares of VICI Properties by 41.8% during the fourth quarter. Russell Investments Group Ltd. now owns 5,436,176 shares of the company’s stock worth $173,313,000 after purchasing an additional 1,602,449 shares in the last quarter. American Century Companies Inc. raised its position in shares of VICI Properties by 51.4% during the 3rd quarter. American Century Companies Inc. now owns 4,102,589 shares of the company’s stock worth $119,385,000 after purchasing an additional 1,393,365 shares during the last quarter. Finally, Apollo Management Holdings L.P. purchased a new position in VICI Properties in the 3rd quarter valued at about $37,539,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

NYSE:VICI remained flat at $28.80 on Friday. 6,018,450 shares of the company’s stock traded hands, compared to its average volume of 6,539,223. The stock has a fifty day moving average price of $28.92 and a two-hundred day moving average price of $29.59. The firm has a market capitalization of $30.04 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 6.47 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $33.40.

VICI Properties Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 5.76%. VICI Properties’s payout ratio is 65.61%.

Analyst Ratings Changes

VICI has been the subject of several research reports. Wells Fargo & Company cut their price objective 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. Morgan Stanley boosted their price target on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Finally, Mizuho decreased their price objective 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.10.

Insiders Place Their Bets

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $28.85 per share, with a total value of $86,550.00. Following the purchase, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

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.