State Street Corp Has $1.87 Billion Position in VICI Properties Inc. (NYSE:VICI)

State Street Corp boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,548,393 shares of the company's stock after purchasing an additional 1,164,717 shares during the quarter. State Street Corp owned about 5.27% of VICI Properties worth $1,873,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VICI. Stifel Financial Corp increased its stake in shares of VICI Properties by 12.2% in the third quarter. Stifel Financial Corp now owns 907,664 shares of the company's stock worth $30,234,000 after purchasing an additional 98,918 shares during the period. Systematic Financial Management LP grew its holdings in VICI Properties by 49.8% in the 3rd quarter. Systematic Financial Management LP now owns 13,605 shares of the company's stock valued at $453,000 after buying an additional 4,520 shares during the last quarter. Quantinno Capital Management LP increased its position in VICI Properties by 87.1% in the 3rd quarter. Quantinno Capital Management LP now owns 38,298 shares of the company's stock worth $1,276,000 after buying an additional 17,825 shares during the period. Royal London Asset Management Ltd. lifted its holdings in shares of VICI Properties by 2.9% during the third quarter. Royal London Asset Management Ltd. now owns 509,858 shares of the company's stock worth $16,983,000 after buying an additional 14,325 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of VICI Properties in the third quarter valued at approximately $3,098,000. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Price Performance

Shares of VICI Properties stock remained flat at $31.65 during midday trading on Friday. The company had a trading volume of 4,069,284 shares, compared to its average volume of 4,646,483. The firm has a 50 day simple moving average of $32.21 and a 200 day simple moving average of $31.17. 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 company has a market capitalization of $33.36 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 4.21 and a beta of 0.93. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.47%. VICI Properties's dividend payout ratio is presently 64.07%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Mizuho cut their target price on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. JMP Securities lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Finally, Evercore ISI upped their price target on VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.