GSA Capital Partners LLP Purchases Shares of 136,079 VICI Properties Inc. $VICI

GSA Capital Partners LLP purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 136,079 shares of the company’s stock, valued at approximately $3,613,000.

A number of other large investors also recently modified their holdings of VICI. Vanguard Group Inc. raised its holdings in VICI Properties by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock valued at $4,455,820,000 after buying an additional 1,705,855 shares during the period. State Street Corp grew its stake in VICI Properties by 1.7% during the fourth quarter. State Street Corp now owns 63,619,919 shares of the company’s stock worth $1,817,165,000 after buying an additional 1,080,992 shares during the period. Geode Capital Management LLC increased its position in shares of VICI Properties by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock worth $1,030,716,000 after acquiring an additional 1,037,345 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of VICI Properties by 8.2% in the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock worth $851,821,000 after acquiring an additional 2,305,719 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after acquiring an additional 734,068 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of several recent research reports. Scotiabank reduced their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Robert W. Baird set a $32.00 price objective on VICI Properties in a research report on Thursday, July 30th. Cantor Fitzgerald cut their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research note on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, VICI Properties has an average rating of “Hold” and an average target price of $31.29.

VICI Properties Stock Up 0.0%

Shares of NYSE:VICI opened at $26.34 on Friday. The company has a market capitalization of $29.00 billion, a price-to-earnings ratio of 10.21 and a beta of 0.65. The company has a 50 day moving average of $26.77 and a two-hundred day moving average of $27.91. VICI Properties Inc. has a 52-week low of $25.82 and a 52-week high of $33.92. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were paid a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. VICI Properties’s dividend payout ratio is 69.77%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.