Russell Investments Group Ltd. Grows Stock Position in VICI Properties Inc. (NYSE:VICI)

Russell Investments Group Ltd. grew its holdings in VICI Properties Inc. (NYSE:VICI) by 41.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,436,176 shares of the company’s stock after acquiring an additional 1,602,449 shares during the quarter. Russell Investments Group Ltd.’s holdings in VICI Properties were worth $173,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Bell Investment Advisors Inc increased its stake in VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares during the period. Alaska Permanent Fund Corp grew its position 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 buying an additional 466 shares in the last quarter. HBC Financial Services PLLC bought a new position in shares of VICI Properties during the 4th quarter worth $31,000. ING Groep NV bought a new position in shares of VICI Properties during the 3rd quarter worth $36,000. Finally, Blue Trust Inc. grew its position 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 buying an additional 938 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director James R. Abrahamson acquired 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 in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

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

VICI Properties Stock Down 0.3 %

NYSE VICI traded down $0.08 during trading on Friday, hitting $28.47. The company’s stock had a trading volume of 6,652,230 shares, compared to its average volume of 5,629,670. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. The company has a market cap of $29.70 billion, a PE 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 $29.01 and its 200-day simple moving average is $29.60. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.05.

VICI Properties Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio is presently 66.94%.

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.