Elo Mutual Pension Insurance Co Purchases 8,053 Shares of VICI Properties Inc. (NYSE:VICI)

Elo Mutual Pension Insurance Co grew its position in VICI Properties Inc. (NYSE:VICI) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,580 shares of the company’s stock after purchasing an additional 8,053 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in VICI Properties were worth $2,938,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of VICI. Vanguard Group Inc. boosted its holdings in VICI Properties by 4.6% in the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock worth $4,577,974,000 after acquiring an additional 6,755,553 shares in the last quarter. Capital International Investors lifted its holdings in shares of VICI Properties by 7.5% in the 1st quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after purchasing an additional 4,728,903 shares in the last quarter. Capital Research Global Investors grew its position in VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock valued at $1,117,978,000 after purchasing an additional 3,001,793 shares during the period. Cohen & Steers Inc. increased its stake in VICI Properties by 132.0% during the 4th quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after purchasing an additional 19,788,229 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after buying an additional 201,899 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. 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. Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.56.

VICI Properties Price Performance

Shares of NYSE VICI opened at $32.82 on Friday. The company has a market capitalization of $34.36 billion, a PE ratio of 12.97, a PEG ratio of 5.35 and a beta of 0.94. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $32.06 and its 200-day moving average price is $29.89. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.29.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is 65.61%.

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.