Capital World Investors Increases Stake in VICI Properties Inc. (NYSE:VICI)

Capital World Investors boosted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,317,697 shares of the company's stock after buying an additional 2,903,744 shares during the period. Capital World Investors owned approximately 2.69% of VICI Properties worth $827,160,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted 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 valued at $860,107,000 after acquiring an additional 1,036,344 shares in the last quarter. Principal Financial Group Inc. grew its position in VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock worth $706,962,000 after purchasing an additional 130,659 shares in the last quarter. Norges Bank bought a new position in shares of VICI Properties during the 4th quarter worth approximately $419,932,000. Invesco Ltd. grew its holdings in shares of VICI Properties by 5.4% in the fourth quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after acquiring an additional 692,092 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VICI shares. Stifel Nicolaus increased 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. Wells Fargo & Company increased their price objective on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Finally, JMP Securities restated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $34.93.

VICI Properties Price Performance

Shares of NYSE VICI traded down $0.23 during midday trading on Thursday, hitting $32.50. 2,185,282 shares of the company's stock were exchanged, compared to its average volume of 7,484,873. The business's fifty day moving average price is $31.76 and its two-hundred day moving average price is $31.15. The company has a market cap of $34.34 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 3.88 and a beta of 0.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 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.