BI Asset Management Fondsmaeglerselskab A S Grows Position in VICI Properties Inc. (NYSE:VICI)

BI Asset Management Fondsmaeglerselskab A S raised its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 672.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 893,908 shares of the company's stock after purchasing an additional 778,143 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.08% of VICI Properties worth $26,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in VICI Properties in the fourth quarter worth approximately $419,932,000. Capital World Investors boosted its holdings in shares of VICI Properties by 11.4% in the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after acquiring an additional 2,903,744 shares during the period. Geode Capital Management LLC boosted its stake in VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock worth $860,107,000 after purchasing an additional 1,036,344 shares during the period. Capital Research Global Investors increased its stake in VICI Properties by 1.8% in the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after purchasing an additional 984,421 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of VICI Properties by 127.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock valued at $50,099,000 after buying an additional 960,706 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Truist Financial upped their price objective on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday. Barclays raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Wells Fargo & Company upped their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research report on Thursday, March 27th. Finally, Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and an average target price of $34.93.

VICI Properties Price Performance

VICI Properties stock traded down $0.50 during midday trading on Wednesday, reaching $32.47. 3,693,525 shares of the company were exchanged, compared to its average volume of 6,023,410. The company has a market capitalization of $34.31 billion, a price-to-earnings ratio of 12.68, 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 quick ratio of 2.61 and a current ratio of 2.61. The firm's 50-day simple moving average is $31.71 and its 200-day simple moving average is $31.14. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29.

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

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders 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 5.33%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio is currently 67.58%.

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.