Empire Life Investments Inc. Acquires New Shares in VICI Properties Inc. (NYSE:VICI)

Empire Life Investments Inc. acquired a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 106,082 shares of the company's stock, valued at approximately $3,099,000.

Other large investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock valued at $297,685,000 after purchasing an additional 7,658,819 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of VICI Properties by 367.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock worth $73,927,000 after buying an additional 1,744,939 shares during the period. State Street Corp grew its stake in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company's stock valued at $1,873,869,000 after buying an additional 1,164,717 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in VICI Properties by 127.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock valued at $50,099,000 after acquiring an additional 960,706 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock worth $393,847,000 after acquiring an additional 770,195 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Price Performance

Shares of VICI Properties stock traded up $0.13 on Wednesday, reaching $30.49. 6,813,778 shares of the stock were exchanged, compared to its average volume of 6,347,529. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market cap of $32.14 billion, a PE ratio of 11.29, a P/E/G ratio of 3.83 and a beta of 0.95. The firm's 50 day moving average is $29.60 and its 200-day moving average is $31.43. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties's payout ratio is presently 64.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VICI. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. JMP Securities reiterated a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Barclays dropped their target price on VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Mizuho dropped their price objective on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $34.22.

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.