AIA Group Ltd Has $3.90 Million Holdings in VICI Properties Inc. (NYSE:VICI)

AIA Group Ltd decreased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,525 shares of the company's stock after selling 45,882 shares during the quarter. AIA Group Ltd's holdings in VICI Properties were worth $3,900,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC raised its stake in shares of VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new stake in VICI Properties in the fourth quarter worth about $33,000. Whipplewood Advisors LLC acquired a new stake in VICI Properties in the 4th quarter valued at about $40,000. Continuum Advisory LLC grew its stake in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after purchasing an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC raised its holdings in shares of VICI Properties by 31.3% in the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after purchasing an additional 494 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Down 0.5 %

VICI Properties stock traded down $0.16 during trading hours on Thursday, hitting $32.03. The company had a trading volume of 4,566,173 shares, compared to its average volume of 7,146,708. The firm's fifty day moving average is $31.29 and its 200-day moving average is $31.34. The firm has a market capitalization of $33.85 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

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VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. On average, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.40%. VICI Properties's dividend payout ratio (DPR) is 67.58%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VICI. Mizuho raised their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday. JMP Securities restated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Truist Financial cut their price target on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.63.

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.