Schnieders Capital Management LLC Purchases 406 Shares of VICI Properties Inc. (NYSE:VICI)

Schnieders Capital Management LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 0.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 51,843 shares of the company’s stock after buying an additional 406 shares during the quarter. Schnieders Capital Management LLC’s holdings in VICI Properties were worth $1,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathstone Family Office LLC boosted its position in VICI Properties by 286.6% in the third quarter. Pathstone Family Office LLC now owns 28,151 shares of the company’s stock worth $822,000 after purchasing an additional 20,869 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in VICI Properties during the fourth quarter valued at about $1,996,000. International Assets Investment Management LLC increased its holdings in VICI Properties by 3,074.1% during the fourth quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock worth $5,704,000 after buying an additional 176,115 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in VICI Properties by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after acquiring an additional 183,369 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in VICI Properties by 16.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 203,768 shares of the company’s stock valued at $5,930,000 after acquiring an additional 28,626 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Mizuho decreased their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Wells Fargo & Company dropped their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.36.

VICI Properties Stock Performance

Shares of NYSE VICI traded up $0.54 during mid-day trading on Tuesday, hitting $28.58. The company had a trading volume of 8,838,386 shares, compared to its average volume of 6,211,478. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.05. The company has a market capitalization of $29.81 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 6.27 and a beta of 0.90. The stock’s 50-day moving average price is $29.08 and its 200-day moving average price is $29.62.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio is presently 66.94%.

Insider Transactions at VICI Properties

In other news, Director James R. Abrahamson purchased 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $28.85 per share, with a total value of $86,550.00. Following the acquisition, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.25% of the company’s stock.

About VICI Properties

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.