Daiwa Securities Group Inc. Grows Stock Position in VICI Properties Inc. (NYSE:VICI)

Daiwa Securities Group Inc. grew its holdings in VICI Properties Inc. (NYSE:VICI) by 6.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 12,064,575 shares of the company’s stock after buying an additional 751,078 shares during the period. VICI Properties makes up 1.8% of Daiwa Securities Group Inc.’s holdings, making the stock its 13th biggest holding. Daiwa Securities Group Inc.’s holdings in VICI Properties were worth $345,530,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VICI. Nomura Asset Management Co. Ltd. raised its stake in VICI Properties by 3.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,540,140 shares of the company’s stock worth $49,100,000 after acquiring an additional 56,595 shares during the last quarter. Hohimer Wealth Management LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth about $2,400,000. SG Americas Securities LLC boosted its position in VICI Properties by 671.3% in the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock valued at $21,494,000 after buying an additional 627,979 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in VICI Properties by 15.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock worth $56,079,000 after buying an additional 246,983 shares during the period. Finally, Bayesian Capital Management LP raised its position in VICI Properties by 36.5% during the 4th quarter. Bayesian Capital Management LP now owns 185,075 shares of the company’s stock worth $5,900,000 after buying an additional 49,500 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on VICI shares. Scotiabank upped their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st. Finally, Evercore ISI lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average price target of $33.44.

VICI Properties Price Performance

NYSE:VICI opened at $33.86 on Tuesday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.02. The stock’s 50-day moving average price is $31.15 and its 200-day moving average price is $29.67. The stock has a market capitalization of $35.46 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 5.26 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be given a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.11%. VICI Properties’s payout ratio is 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.