VICI Properties Inc. (NYSE:VICI) Holdings Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in VICI Properties Inc. (NYSE:VICI) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,397 shares of the company’s stock after acquiring an additional 3,039 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in VICI Properties were worth $682,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VICI. Bell Investment Advisors Inc lifted its stake in VICI Properties by 77.7% in the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after acquiring an additional 410 shares in the last quarter. Alaska Permanent Fund Corp raised its stake in shares of 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 purchasing an additional 466 shares in the last quarter. HBC Financial Services PLLC purchased a new stake in shares of VICI Properties during the 4th quarter worth about $31,000. ING Groep NV purchased a new stake in shares of VICI Properties during the 3rd quarter worth about $36,000. Finally, Blue Trust Inc. raised its stake in shares of VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after purchasing an additional 938 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VICI shares. Morgan Stanley raised their price target 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. Mizuho cut their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, Wells Fargo & Company cut their price target 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. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.36.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $28.47 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The firm has a market cap of $29.70 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 6.42 and a beta of 0.90. The business’s 50-day simple moving average is $29.03 and its 200-day simple moving average is $29.60. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.05.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a $0.415 dividend. 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 (DPR) is currently 66.94%.

Insider Buying and Selling at VICI Properties

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

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.