Centersquare Investment Management LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,119,987 shares of the company's stock after buying an additional 804,291 shares during the quarter. VICI Properties comprises approximately 2.5% of Centersquare Investment Management LLC's holdings, making the stock its 12th largest position. Centersquare Investment Management LLC owned about 0.77% of VICI Properties worth $237,185,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of VICI. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $33,000. Whipplewood Advisors LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $40,000. Continuum Advisory LLC lifted its holdings in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after acquiring an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC increased its stake in VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after acquiring an additional 494 shares during the last quarter. Institutional investors own 97.71% of the company's stock.
VICI Properties Stock Down 2.3 %
NYSE VICI traded down $0.70 during trading on Monday, reaching $29.89. 5,115,332 shares of the company's stock traded hands, compared to its average volume of 5,899,071. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. 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 has a market cap of $31.58 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The company's 50 day simple moving average is $31.36 and its two-hundred day simple moving average is $31.28.
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). The business had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.79%. VICI Properties's payout ratio is 67.58%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Mizuho lifted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday. JMP Securities reissued a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Wells Fargo & Company upped 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. Finally, Stifel Nicolaus upped their target price on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. Three 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, VICI Properties has a consensus rating of "Moderate Buy" and a consensus price target of $34.63.
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VICI Properties 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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