Schnieders Capital Management LLC Has $1.65 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

Schnieders Capital Management LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in shares of VICI Properties by 19.1% during the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after buying an additional 3,798,898 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of VICI Properties by 50.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock worth $261,558,000 after acquiring an additional 2,736,096 shares during the period. American Century Companies Inc. grew its position in shares of VICI Properties by 51.4% in the third quarter. American Century Companies Inc. now owns 4,102,589 shares of the company’s stock valued at $119,385,000 after purchasing an additional 1,393,365 shares during the last quarter. Apollo Management Holdings L.P. bought a new position in shares of VICI Properties during the third quarter worth approximately $37,539,000. Finally, Strs Ohio lifted its holdings in VICI Properties by 84.3% during the 4th quarter. Strs Ohio now owns 2,418,990 shares of the company’s stock worth $77,117,000 after purchasing an additional 1,106,488 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho lowered their price objective on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Morgan Stanley lifted their price objective on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Finally, Wells Fargo & Company cut their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.36.

Insider Buying and Selling at VICI Properties

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the transaction, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

VICI Properties Price Performance

VICI stock traded up $0.54 during mid-day trading on Tuesday, hitting $28.58. The stock had a trading volume of 8,838,386 shares, compared to its average volume of 6,211,478. The firm has a fifty day simple moving average of $29.08 and a 200 day simple moving average of $29.62. The firm has a market capitalization of $29.81 billion, a P/E ratio of 11.52, a P/E/G ratio of 6.27 and a beta of 0.90. 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 52 week low of $26.63 and a 52 week high of $34.05.

VICI Properties Announces Dividend

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

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.