Griffin Asset Management Inc. Purchases 3,944 Shares of VICI Properties Inc. (NYSE:VICI)

Griffin Asset Management Inc. raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 17.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,013 shares of the company’s stock after purchasing an additional 3,944 shares during the period. Griffin Asset Management Inc.’s holdings in VICI Properties were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in VICI. Capital International Investors raised its stake in 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 buying an additional 9,317,582 shares in the last quarter. Cohen & Steers Inc. raised its position in shares of VICI Properties by 132.0% in the 4th quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after acquiring an additional 19,788,229 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of VICI Properties by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock worth $510,238,000 after purchasing an additional 86,084 shares during the last quarter. Norges Bank purchased a new stake in shares of VICI Properties during the 4th quarter worth $460,431,000. Finally, Dimensional Fund Advisors LP boosted its position in VICI Properties by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,294,012 shares of the company’s stock valued at $455,700,000 after purchasing an additional 84,662 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on VICI shares. Scotiabank boosted their target price on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Wells Fargo & Company reduced their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Morgan Stanley restated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Finally, Mizuho upped their price target on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $33.50.

VICI Properties Trading Up 0.7 %

NYSE VICI opened at $28.64 on Friday. The stock has a market cap of $29.88 billion, a P/E ratio of 11.32, a P/E/G ratio of 2.34 and a beta of 0.91. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $33.40. The company has a fifty day simple moving average of $28.75 and a two-hundred day simple moving average of $29.58.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.66 dividend on an annualized basis and a yield of 5.80%. VICI Properties’s dividend payout ratio is currently 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.