Gateway Investment Advisers LLC Purchases 25,927 Shares of VICI Properties Inc. $VICI

Gateway Investment Advisers LLC grew its position in VICI Properties Inc. (NYSE:VICI) by 154.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 42,663 shares of the company’s stock after purchasing an additional 25,927 shares during the quarter. Gateway Investment Advisers LLC’s holdings in VICI Properties were worth $1,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 acquiring an additional 1,705,855 shares during the last quarter. State Street Corp boosted its holdings in shares of VICI Properties by 1.7% in the 4th quarter. State Street Corp now owns 63,619,919 shares of the company’s stock valued at $1,817,165,000 after purchasing an additional 1,080,992 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of VICI Properties by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after purchasing an additional 1,037,345 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of VICI Properties by 8.2% during the 4th quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock worth $851,821,000 after buying an additional 2,305,719 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of VICI Properties by 2.7% during the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after buying an additional 734,068 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.5%

Shares of NYSE VICI opened at $26.10 on Thursday. The company’s 50 day moving average price is $26.82 and its 200-day moving average price is $27.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties Inc. has a 52-week low of $25.82 and a 52-week high of $33.92. The company has a market capitalization of $28.74 billion, a P/E ratio of 10.12 and a beta of 0.65.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.9%. VICI Properties’s payout ratio is presently 69.77%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VICI. Royal Bank Of Canada started coverage on VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Cantor Fitzgerald dropped their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a research note on Friday, July 31st. Morgan Stanley lowered their price objective on shares of VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Hold” and an average price target of $31.46.

About VICI Properties

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.