SG Americas Securities LLC Raises Holdings in VICI Properties Inc. (NYSE:VICI)

SG Americas Securities LLC increased its position in VICI Properties Inc. (NYSE:VICI) by 671.3% in the 1st quarter, HoldingsChannel reports. The fund owned 721,523 shares of the company’s stock after purchasing an additional 627,979 shares during the period. SG Americas Securities LLC’s holdings in VICI Properties were worth $21,494,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VICI. Cohen & Steers Inc. increased its stake in shares of VICI Properties by 132.0% in the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after purchasing an additional 19,788,229 shares in the last quarter. Norges Bank bought a new stake in VICI Properties during the 4th quarter valued at $460,431,000. Capital International Investors lifted its position in shares of VICI Properties by 17.4% during the fourth quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock worth $2,004,648,000 after acquiring an additional 9,317,582 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of VICI Properties by 37.9% in the first quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock worth $337,029,000 after acquiring an additional 3,109,028 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in shares of VICI Properties by 248.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,480,668 shares of the company’s stock valued at $79,084,000 after purchasing an additional 1,769,700 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the subject of several analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Mizuho boosted their price objective on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Scotiabank upped their target price on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Two 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 a consensus rating of “Moderate Buy” and an average target price of $33.44.

VICI Properties Price Performance

VICI stock traded up $0.05 during midday trading on Friday, reaching $29.45. The company had a trading volume of 8,344,754 shares, compared to its average volume of 5,773,590. The firm has a 50-day moving average price of $28.65 and a 200-day moving average price of $29.36. The company has a market capitalization of $30.72 billion, a P/E ratio of 11.64, a P/E/G ratio of 2.60 and a beta of 0.92. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $33.40.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were given a dividend of $0.415 per share. The ex-dividend date was Tuesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 5.64%. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

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.