VICI Properties Inc. (NYSE:VICI) is Lasalle Investment Management Securities LLC’s 9th Largest Position

Lasalle Investment Management Securities LLC lessened its stake in VICI Properties Inc. (NYSE:VICI) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,950,235 shares of the company’s stock after selling 48,219 shares during the period. VICI Properties accounts for about 3.6% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 9th biggest position. Lasalle Investment Management Securities LLC owned approximately 0.28% of VICI Properties worth $87,888,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. increased its position in VICI Properties by 132.0% during the 4th 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 during the period. Norges Bank acquired a new position in VICI Properties during the 4th quarter worth approximately $460,431,000. Capital International Investors increased its position in VICI Properties by 17.4% during the 4th quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock worth $2,004,648,000 after purchasing an additional 9,317,582 shares during the period. Vanguard Group Inc. increased its position in VICI Properties by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock worth $4,577,974,000 after purchasing an additional 6,755,553 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in VICI Properties by 37.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock worth $337,029,000 after purchasing an additional 3,109,028 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI stock traded up $0.16 on Friday, reaching $31.50. The company had a trading volume of 6,122,692 shares, compared to its average volume of 6,118,497. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $32.68. The company’s fifty day moving average is $29.00 and its 200 day moving average is $29.25. The company has a market cap of $32.99 billion, a P/E ratio of 12.45, a PEG ratio of 2.77 and a beta of 0.92.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s payout ratio is currently 65.61%.

Analyst Ratings Changes

VICI has been the topic of several recent analyst reports. Mizuho boosted their target price on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Finally, Scotiabank upped their price target on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

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.