Kayne Anderson Rudnick Investment Management LLC Has $1.59 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Kayne Anderson Rudnick Investment Management LLC decreased its position in VICI Properties Inc. (NYSE:VICI) by 8.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,456 shares of the company’s stock after selling 5,059 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in VICI Properties were worth $1,588,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VICI. Vanguard Group Inc. increased its stake in VICI Properties by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock worth $4,577,974,000 after purchasing an additional 6,755,553 shares in the last quarter. Capital International Investors boosted its holdings 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 valued at $2,013,804,000 after buying an additional 4,728,903 shares during the period. Capital Research Global Investors increased its position in shares of VICI Properties by 8.7% during the first 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 in the last quarter. Cohen & Steers Inc. raised its holdings in shares of VICI Properties by 132.0% during the fourth 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 during the period. Finally, Dimensional Fund Advisors LP lifted its position in VICI Properties by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after acquiring an additional 201,899 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.6 %

Shares of VICI stock opened at $33.26 on Tuesday. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.29. The stock has a market cap of $34.69 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 5.35 and a beta of 0.94. The firm’s 50-day moving average is $32.19 and its 200-day moving average is $29.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.20%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VICI shares. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a report on Friday, June 21st. Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.56.

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.