Carret Asset Management LLC Purchases 1,650 Shares of VICI Properties Inc. (NYSE:VICI)

Carret Asset Management LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 2.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 61,872 shares of the company’s stock after acquiring an additional 1,650 shares during the period. Carret Asset Management LLC’s holdings in VICI Properties were worth $1,972,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of 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 purchasing an additional 3,798,898 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of VICI Properties by 50.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock worth $261,558,000 after purchasing an additional 2,736,096 shares during the period. American Century Companies Inc. lifted its position in shares of VICI Properties by 51.4% in 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 period. Apollo Management Holdings L.P. purchased a new position in VICI Properties during the 3rd quarter valued at about $37,539,000. Finally, Strs Ohio lifted its position in VICI Properties by 84.3% during the 4th quarter. Strs Ohio now owns 2,418,990 shares of the company’s stock valued at $77,117,000 after acquiring an additional 1,106,488 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock traded down $0.15 during trading hours on Wednesday, reaching $28.43. The company had a trading volume of 5,648,523 shares, compared to its average volume of 6,219,645. The business has a fifty day moving average price of $29.07 and a 200-day moving average price of $29.62. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.05. The firm has a market cap of $29.66 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 6.30 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.84%. VICI Properties’s dividend payout ratio is presently 66.94%.

Insider Transactions at VICI Properties

In related news, Director James R. Abrahamson purchased 3,000 shares of VICI Properties stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the purchase, the director now directly owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on VICI shares. Morgan Stanley lifted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Mizuho lowered their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Wells Fargo & Company lowered their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.36.

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.