Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in VICI Properties Inc. (NYSE:VICI)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in VICI Properties Inc. (NYSE:VICI) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290,181 shares of the company’s stock after purchasing an additional 17,437 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in VICI Properties were worth $8,311,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in VICI Properties by 2.6% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 497,137 shares of the company’s stock valued at $14,238,000 after buying an additional 12,509 shares during the last quarter. Blackhawk Capital Partners LLC. grew its holdings in shares of VICI Properties by 29.1% in the second quarter. Blackhawk Capital Partners LLC. now owns 37,607 shares of the company’s stock worth $1,077,000 after acquiring an additional 8,467 shares during the period. UMB Bank n.a. increased its position in VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in VICI Properties in the second quarter valued at about $43,000. Finally, Arkadios Wealth Advisors boosted its position in VICI Properties by 52.5% in the second quarter. Arkadios Wealth Advisors now owns 22,498 shares of the company’s stock worth $644,000 after purchasing an additional 7,744 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.2 %

Shares of VICI opened at $33.46 on Friday. The stock has a market capitalization of $34.90 billion, a PE ratio of 13.23, a P/E/G ratio of 5.21 and a beta of 0.92. The company’s fifty day moving average is $30.51 and its 200 day moving average is $29.50. 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 Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $33.51.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend was Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

Wall Street Analyst Weigh In

VICI has been the subject of a number of recent research reports. Morgan Stanley reissued an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday. Mizuho raised their price objective on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Scotiabank boosted their price objective on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $33.44.

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.