Allspring Global Investments Holdings LLC Buys 275,101 Shares of VICI Properties Inc. (NYSE:VICI)

Allspring Global Investments Holdings LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 16.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,958,934 shares of the company’s stock after purchasing an additional 275,101 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.19% of VICI Properties worth $58,357,000 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 VICI. Apollo Management Holdings L.P. bought a new position in shares of VICI Properties during the 3rd quarter worth about $37,539,000. Truist Financial Corp boosted its position in shares of VICI Properties by 179.2% during the 3rd quarter. Truist Financial Corp now owns 732,490 shares of the company’s stock worth $21,315,000 after purchasing an additional 470,125 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of VICI Properties by 17.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 51,464 shares of the company’s stock worth $1,498,000 after purchasing an additional 7,658 shares in the last quarter. JT Stratford LLC boosted its position in shares of VICI Properties by 23.0% during the 3rd quarter. JT Stratford LLC now owns 46,834 shares of the company’s stock worth $1,363,000 after purchasing an additional 8,762 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of VICI Properties by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock worth $510,238,000 after purchasing an additional 86,084 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 0.4 %

VICI Properties stock opened at $27.79 on Wednesday. The company’s 50 day moving average price is $28.73 and its two-hundred day moving average price is $29.51. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $33.40. The stock has a market cap of $28.99 billion, a P/E ratio of 10.98, a P/E/G ratio of 2.34 and a beta of 0.92.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Tuesday, June 18th. VICI Properties’s dividend payout ratio is currently 65.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Mizuho upped their target price on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Morgan Stanley restated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a report on Friday, June 21st. Scotiabank upped their target price on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Finally, Wells Fargo & Company lowered their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

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.