VICI Properties Inc. (NYSE:VICI) Shares Purchased by Alaethes Wealth LLC

Alaethes Wealth LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,055 shares of the company’s stock after acquiring an additional 1,929 shares during the quarter. Alaethes Wealth LLC’s holdings in VICI Properties were worth $1,193,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of VICI Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after buying an additional 6,755,553 shares during the period. Capital International Investors boosted its position in shares of VICI Properties by 7.5% in the first quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after buying an additional 4,728,903 shares during the period. Capital Research Global Investors boosted its position in VICI Properties by 8.7% during the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after acquiring an additional 3,001,793 shares during the period. Cohen & Steers Inc. lifted its position in 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 buying an additional 19,788,229 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after purchasing an additional 201,899 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VICI has been the subject of a number of recent analyst reports. Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.56.

VICI Properties Stock Performance

VICI stock opened at $33.07 on Friday. The company has a 50 day moving average price of $32.13 and a 200 day moving average price of $29.91. The stock has a market capitalization of $34.63 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.23%. VICI Properties’s dividend payout ratio is presently 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.