Sumitomo Mitsui Trust Group Inc. Purchases 165,727 Shares of VICI Properties Inc. (NYSE:VICI)

Sumitomo Mitsui Trust Group Inc. raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,157,312 shares of the company’s stock after purchasing an additional 165,727 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.49% of VICI Properties worth $150,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Leo Wealth LLC bought a new position in shares of VICI Properties during the fourth quarter valued at approximately $211,000. Bleakley Financial Group LLC lifted its holdings in VICI Properties by 2.5% during the fourth quarter. Bleakley Financial Group LLC now owns 40,494 shares of the company’s stock worth $1,183,000 after buying an additional 969 shares during the period. NovaPoint Capital LLC boosted its position in VICI Properties by 8.2% during the 4th quarter. NovaPoint Capital LLC now owns 15,131 shares of the company’s stock valued at $442,000 after acquiring an additional 1,151 shares in the last quarter. Tectonic Advisors LLC increased its holdings in shares of VICI Properties by 15.9% in the 4th quarter. Tectonic Advisors LLC now owns 237,250 shares of the company’s stock valued at $6,930,000 after acquiring an additional 32,625 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of VICI Properties by 9.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 141,213 shares of the company’s stock worth $4,088,000 after acquiring an additional 11,926 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

VICI has been the topic of a number of recent research reports. Truist Financial dropped their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Mizuho decreased their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Trading Down 0.0 %

NYSE:VICI opened at $30.12 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $29.88 and a 200-day simple moving average of $31.47. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a market capitalization of $31.76 billion, a P/E ratio of 11.16, a PEG ratio of 3.80 and a beta of 0.95.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.74%. VICI Properties’s payout ratio is presently 64.07%.

VICI Properties 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.