Russell Investments Group Ltd. Has $173.31 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

Russell Investments Group Ltd. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 41.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,436,176 shares of the company’s stock after purchasing an additional 1,602,449 shares during the period. Russell Investments Group Ltd. owned 0.53% of VICI Properties worth $173,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its stake in VICI Properties by 19.1% in the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock valued at $689,281,000 after acquiring an additional 3,798,898 shares during the period. Daiwa Securities Group Inc. raised its stake in VICI Properties by 50.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after acquiring an additional 2,736,096 shares during the period. American Century Companies Inc. raised its stake in VICI Properties by 51.4% in the 3rd quarter. American Century Companies Inc. now owns 4,102,589 shares of the company’s stock valued at $119,385,000 after acquiring an additional 1,393,365 shares during the period. Apollo Management Holdings L.P. bought a new stake in VICI Properties in the 3rd quarter valued at $37,539,000. Finally, Strs Ohio raised its stake in VICI Properties by 84.3% in the 4th quarter. Strs Ohio now owns 2,418,990 shares of the company’s stock valued at $77,117,000 after acquiring an additional 1,106,488 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Mizuho lowered their price objective on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Morgan Stanley increased their price objective on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Trading Down 0.3 %

VICI stock traded down $0.08 during mid-day trading on Friday, reaching $28.47. The company’s stock had a trading volume of 6,652,230 shares, compared to its average volume of 5,629,670. The company has a market cap of $29.70 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 6.42 and a beta of 0.90. The business’s 50 day moving average price is $29.01 and its 200 day moving average price is $29.60. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.05.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.83%. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

Insider Buying and Selling at VICI Properties

In other news, Director James R. Abrahamson acquired 3,000 shares of VICI Properties stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $28.85 per share, with a total value of $86,550.00. Following the completion of the purchase, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

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.