Boston Partners Raises Position in VICI Properties Inc. (NYSE:VICI)

Boston Partners increased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,329,090 shares of the company's stock after buying an additional 532,275 shares during the period. Boston Partners owned 0.79% of VICI Properties worth $243,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Generali Asset Management SPA SGR bought a new stake in VICI Properties in the fourth quarter valued at approximately $3,130,000. Thrivent Financial for Lutherans boosted its position in VICI Properties by 10.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 366,494 shares of the company's stock worth $10,705,000 after purchasing an additional 34,321 shares during the period. South Street Advisors LLC increased its holdings in shares of VICI Properties by 5.7% in the fourth quarter. South Street Advisors LLC now owns 85,274 shares of the company's stock valued at $2,491,000 after purchasing an additional 4,600 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of VICI Properties by 10.9% in the fourth quarter. William Blair Investment Management LLC now owns 7,224 shares of the company's stock valued at $211,000 after purchasing an additional 712 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of VICI Properties by 8.2% during the 4th quarter. Signaturefd LLC now owns 17,973 shares of the company's stock worth $525,000 after buying an additional 1,362 shares during the period. 97.71% of the stock is owned by institutional investors.

Remove Ads

VICI Properties Trading Down 1.6 %

VICI stock traded down $0.51 during mid-day trading on Friday, reaching $31.51. The company's stock had a trading volume of 14,680,524 shares, compared to its average volume of 5,545,743. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business's 50 day moving average price is $30.84 and its 200 day moving average price is $31.43. The company has a market cap of $33.28 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $969.29 million. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties's payout ratio is 67.58%.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of research reports. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Stifel Nicolaus increased their target price on shares of VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Truist Financial reduced their price target on VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, JMP Securities reissued a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.20.

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.