Sumitomo Mitsui DS Asset Management Company Ltd Has $9.68 Million Position in VICI Properties Inc. (NYSE:VICI)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in VICI Properties Inc. (NYSE:VICI) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,341 shares of the company’s stock after acquiring an additional 24,317 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in VICI Properties were worth $9,678,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC raised its stake in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares during the period. UMB Bank n.a. increased its position in VICI Properties by 37.4% during the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after acquiring an additional 512 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after purchasing an additional 1,630 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of VICI Properties in the third quarter valued at approximately $67,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in VICI Properties by 340.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company’s stock worth $74,000 after buying an additional 1,700 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on VICI. JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Mizuho decreased their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays reduced their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $30.12 on Friday. The stock has a market cap of $31.76 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 3.80 and a beta of 0.95. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company’s fifty day moving average is $29.88 and its 200 day moving average is $31.47.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.74%. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

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.