Cibc World Markets Corp Has $13.81 Million Position in VICI Properties Inc. (NYSE:VICI)

Cibc World Markets Corp lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 12.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 472,752 shares of the company's stock after buying an additional 54,125 shares during the period. Cibc World Markets Corp's holdings in VICI Properties were worth $13,809,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Atria Investments Inc lifted its holdings in shares of VICI Properties by 12.5% in the third quarter. Atria Investments Inc now owns 26,444 shares of the company's stock worth $881,000 after acquiring an additional 2,929 shares during the last quarter. Apollon Wealth Management LLC boosted its position in VICI Properties by 5.9% in the third quarter. Apollon Wealth Management LLC now owns 11,452 shares of the company's stock valued at $381,000 after buying an additional 635 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in VICI Properties by 26.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 56,582 shares of the company's stock worth $1,885,000 after acquiring an additional 11,832 shares during the last quarter. Huntington National Bank increased its holdings in VICI Properties by 13.8% in the 3rd quarter. Huntington National Bank now owns 4,291 shares of the company's stock worth $143,000 after purchasing an additional 521 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of VICI Properties by 6.1% during the third quarter. CIBC Asset Management Inc now owns 229,256 shares of the company's stock worth $7,637,000 after purchasing an additional 13,235 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VICI. Wells Fargo & Company raised their price objective 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. Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Mizuho reduced their price objective on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus raised their target price on VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Three equities 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.20.

VICI Properties Trading Down 1.6 %

Shares of VICI Properties stock traded down $0.51 on Friday, hitting $31.51. 14,680,470 shares of the company's stock traded hands, compared to its average volume of 7,328,787. The company has a market capitalization 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. The company has a fifty day moving average of $30.77 and a two-hundred day moving average of $31.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to the consensus estimate 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 expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

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