QRG Capital Management Inc. Buys 27,454 Shares of VICI Properties Inc. (NYSE:VICI)

QRG Capital Management Inc. boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 20.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 163,938 shares of the company’s stock after buying an additional 27,454 shares during the period. QRG Capital Management Inc.’s holdings in VICI Properties were worth $4,884,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Cohen & Steers Inc. boosted its holdings in VICI Properties by 132.0% during the 4th quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after acquiring an additional 19,788,229 shares during the period. Norges Bank bought a new position in shares of VICI Properties in the fourth quarter worth about $460,431,000. Capital International Investors grew its holdings in shares of VICI Properties by 17.4% in the fourth quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock worth $2,004,648,000 after purchasing an additional 9,317,582 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in VICI Properties by 37.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock worth $337,029,000 after buying an additional 3,109,028 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings in VICI Properties by 248.9% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,480,668 shares of the company’s stock valued at $79,084,000 after buying an additional 1,769,700 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

VICI Properties stock traded up $0.55 during mid-day trading on Wednesday, reaching $30.82. 1,341,570 shares of the company traded hands, compared to its average volume of 6,288,862. The firm’s fifty day moving average is $28.69 and its two-hundred day moving average is $29.30. The company has a market capitalization of $32.15 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 2.68 and a beta of 0.92. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $33.40.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were given a dividend of $0.415 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.66 dividend on an annualized basis and a yield of 5.39%. VICI Properties’s dividend payout ratio is currently 65.61%.

Analyst Ratings Changes

VICI has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Scotiabank increased their price target 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, Mizuho lifted their price objective on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.44.

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.