Sumitomo Mitsui Trust Group Inc. Purchases 165,727 Shares of VICI Properties Inc. (NYSE:VICI)

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,157,312 shares of the company's stock after buying an additional 165,727 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.49% of VICI Properties worth $150,645,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

VICI Properties Trading Down 0.1 %

Shares of VICI Properties stock traded down $0.02 on Tuesday, reaching $29.93. 6,094,256 shares of the company's stock were exchanged, compared to its average volume of 6,539,753. The firm's 50-day moving average is $29.75 and its two-hundred day moving average is $31.48. The company has a market capitalization of $31.55 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Tuesday, December 17th. VICI Properties's dividend payout ratio (DPR) is currently 64.07%.

VICI Properties Company 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.