RB Capital Management LLC Purchases 2,925 Shares of VICI Properties Inc. (NYSE:VICI)

RB Capital Management LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 6.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 51,099 shares of the company’s stock after acquiring an additional 2,925 shares during the period. RB Capital Management LLC’s holdings in VICI Properties were worth $1,629,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bell Investment Advisors Inc lifted its stake in shares of VICI Properties by 77.7% in the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after acquiring an additional 410 shares during the last quarter. Alaska Permanent Fund Corp increased its stake in VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after purchasing an additional 466 shares during the period. HBC Financial Services PLLC bought a new stake in VICI Properties in the fourth quarter valued at approximately $31,000. Blue Trust Inc. boosted its stake in shares of VICI Properties by 455.3% during the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares during the period. Finally, ING Groep NV bought a new position in shares of VICI Properties in the third quarter worth approximately $36,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on VICI. Mizuho lowered their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Wells Fargo & Company lowered their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Finally, Morgan Stanley raised their target price on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Three equities 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, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $34.36.

Insider Transactions at VICI Properties

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired 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 directly owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

VICI Properties Trading Up 1.2 %

Shares of NYSE VICI traded up $0.35 during midday trading on Wednesday, hitting $28.90. 7,467,013 shares of the company traded hands, compared to its average volume of 6,182,614. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $33.46. The firm has a market cap of $30.15 billion, a P/E ratio of 11.53, a P/E/G ratio of 6.53 and a beta of 0.90. The stock has a 50-day moving average price of $28.98 and a 200 day moving average price of $29.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

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.