Aviva PLC Grows Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Aviva PLC boosted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 806.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 630,352 shares of the company's stock after purchasing an additional 560,777 shares during the period. Aviva PLC owned about 0.06% of VICI Properties worth $18,413,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VICI. Norges Bank purchased a new position in VICI Properties during the fourth quarter valued at $419,932,000. Geode Capital Management LLC grew its stake in shares of VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after acquiring an additional 1,036,344 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in VICI Properties by 127.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock worth $50,099,000 after acquiring an additional 960,706 shares in the last quarter. Prudential Financial Inc. raised its stake in VICI Properties by 125.9% during the 4th quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company's stock worth $48,486,000 after acquiring an additional 925,041 shares during the period. Finally, Centersquare Investment Management LLC lifted its holdings in VICI Properties by 11.0% during the fourth quarter. Centersquare Investment Management LLC now owns 8,119,987 shares of the company's stock valued at $237,185,000 after purchasing an additional 804,291 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Stifel Nicolaus boosted their price target on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a report on Thursday, March 27th. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Barclays boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, Wells Fargo & Company lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and an average price target of $34.63.

VICI Properties Trading Up 2.0 %

Shares of VICI Properties stock traded up $0.60 on Friday, reaching $30.68. The company had a trading volume of 4,884,542 shares, compared to its average volume of 7,505,823. The firm has a market cap of $32.42 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm's 50-day moving average price is $31.37 and its two-hundred day moving average price is $31.18. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 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. As a group, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio is currently 67.58%.

VICI Properties Company 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.