Tokio Marine Asset Management Co. Ltd. Purchases 3,169 Shares of VICI Properties Inc. (NYSE:VICI)

Tokio Marine Asset Management Co. Ltd. raised its position in VICI Properties Inc. (NYSE:VICI) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,222 shares of the company’s stock after buying an additional 3,169 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in VICI Properties were worth $940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VICI. Vanguard Group Inc. grew its position in VICI Properties by 4.6% in the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after acquiring an additional 6,755,553 shares during the last quarter. Capital International Investors lifted its stake in VICI Properties by 7.5% in the 1st quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock valued at $2,013,804,000 after purchasing an additional 4,728,903 shares during the last quarter. Capital Research Global Investors boosted its position in VICI Properties by 8.7% in the first quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock valued at $1,117,978,000 after buying an additional 3,001,793 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of VICI Properties by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after buying an additional 201,899 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of VICI Properties by 1.8% during the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after buying an additional 251,313 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI opened at $31.66 on Friday. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The company has a market cap of $33.38 billion, a PE ratio of 11.73, a P/E/G ratio of 4.15 and a beta of 0.94. The stock has a 50-day moving average of $32.58 and a 200-day moving average of $30.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.46%. VICI Properties’s payout ratio is currently 64.07%.

Analysts Set New Price Targets

VICI has been the topic of a number of research reports. Mizuho reduced their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. JMP Securities raised their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Evercore ISI boosted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.22.

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.