VICI Properties Inc. (NYSE:VICI) Shares Purchased by First Hawaiian Bank

First Hawaiian Bank lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 5.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 34,000 shares of the company’s stock after purchasing an additional 1,650 shares during the period. First Hawaiian Bank’s holdings in VICI Properties were worth $974,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HBC Financial Services PLLC acquired a new position in VICI Properties in the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC lifted its position in VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after buying an additional 1,020 shares during the last quarter. Blue Trust Inc. raised its position in 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 purchasing an additional 938 shares during the period. Quarry LP boosted its position in VICI Properties by 143.1% in the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after buying an additional 741 shares during the period. Finally, Arlington Trust Co LLC boosted its position in shares of VICI Properties by 291.9% during the 4th quarter. Arlington Trust Co LLC now owns 2,610 shares of the company’s stock worth $83,000 after acquiring an additional 1,944 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on VICI. Mizuho boosted their target price on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Scotiabank lifted their price objective on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

VICI Properties Trading Up 2.9 %

Shares of VICI Properties stock traded up $0.90 during trading hours on Tuesday, reaching $31.66. 2,421,515 shares of the company’s stock were exchanged, compared to its average volume of 6,231,157. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $32.68. The company has a fifty day moving average of $29.00 and a 200-day moving average of $29.23. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 2.78 and a beta of 0.92.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

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.