Kayne Anderson Rudnick Investment Management LLC Has $1.59 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Kayne Anderson Rudnick Investment Management LLC decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,456 shares of the company’s stock after selling 5,059 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in VICI Properties were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of VICI. Cohen & Steers Inc. lifted its position in VICI Properties by 132.0% in the 4th quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after buying an additional 19,788,229 shares in the last quarter. Capital International Investors raised its holdings in shares of VICI Properties by 17.4% during the fourth quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock worth $2,004,648,000 after acquiring an additional 9,317,582 shares in the last quarter. Vanguard Group Inc. boosted its position in VICI Properties by 4.6% during the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after purchasing an additional 6,755,553 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in VICI Properties by 37.9% in the first quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock valued at $337,029,000 after purchasing an additional 3,109,028 shares in the last quarter. Finally, Capital Research Global Investors increased 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 worth $1,117,978,000 after purchasing an additional 3,001,793 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.6 %

Shares of VICI Properties stock opened at $33.26 on Tuesday. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.29. The stock has a market capitalization of $34.69 billion, a P/E ratio of 13.14, 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 has a 50 day moving average price of $32.19 and a two-hundred day moving average price of $29.96.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.20%. The ex-dividend date is Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is presently 68.38%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VICI shares. Evercore ISI lifted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.56.

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.