Bank of Nova Scotia increased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 29.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 451,529 shares of the company's stock after purchasing an additional 101,837 shares during the period. Bank of Nova Scotia's holdings in VICI Properties were worth $13,201,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in shares of VICI Properties by 3.6% in the fourth 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. Principal Financial Group Inc. increased its position in shares of VICI Properties by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after buying an additional 130,659 shares during the period. Norges Bank bought a new position in shares of VICI Properties in the 4th quarter worth approximately $419,932,000. Invesco Ltd. lifted its position in VICI Properties by 5.4% during the fourth quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after buying an additional 692,092 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in VICI Properties by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock worth $356,635,000 after acquiring an additional 385,649 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on VICI. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Barclays lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Stifel Nicolaus boosted their price target on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and an average target price of $34.63.
View Our Latest Analysis on VICI
VICI Properties Price Performance
Shares of VICI stock traded up $0.20 during trading hours on Tuesday, hitting $31.79. The stock had a trading volume of 1,588,455 shares, compared to its average volume of 5,980,916. 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 stock has a market capitalization of $33.59 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The stock's 50-day moving average price is $31.43 and its two-hundred day moving average price is $31.15.
VICI Properties (NYSE:VICI - Get Free Report) last issued 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. Equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.44%. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.
VICI Properties Company Profile
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Free Report)
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.
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