Mirae Asset Global Investments Co. Ltd. Buys 28,063 Shares of VICI Properties Inc. (NYSE:VICI)

Mirae Asset Global Investments Co. Ltd. increased its position in VICI Properties Inc. (NYSE:VICI) by 27.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 129,287 shares of the company’s stock after buying an additional 28,063 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in VICI Properties were worth $4,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of VICI Properties by 671.3% in the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock worth $21,494,000 after purchasing an additional 627,979 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in VICI Properties by 15.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock worth $56,079,000 after buying an additional 246,983 shares in the last quarter. Norden Group LLC bought a new stake in VICI Properties during the first quarter valued at about $1,033,000. Intech Investment Management LLC lifted its position in shares of VICI Properties by 115.9% in the first quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after acquiring an additional 16,824 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of VICI Properties by 14.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock worth $14,437,000 after acquiring an additional 59,613 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $32.29 on Wednesday. The company has a market cap of $33.68 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 5.04 and a beta of 0.93. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.29. The stock’s 50 day simple moving average is $33.01 and its two-hundred day simple moving average is $30.61. 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 declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.36%. The ex-dividend date was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is currently 68.38%.

Analysts Set New Price Targets

Several analysts recently issued reports on VICI shares. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

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.