Dimensional Fund Advisors LP lessened its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 0.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,954,743 shares of the company's stock after selling 21,586 shares during the period. Dimensional Fund Advisors LP owned about 1.42% of VICI Properties worth $436,822,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of VICI Properties during the fourth quarter worth $419,932,000. Geode Capital Management LLC increased its holdings 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. Robeco Institutional Asset Management B.V. raised its position in VICI Properties by 127.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock valued at $50,099,000 after purchasing an additional 960,706 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of VICI Properties by 125.9% in the 4th quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company's stock valued at $48,486,000 after buying an additional 925,041 shares during the period. Finally, Centersquare Investment Management LLC grew its position in shares of VICI Properties by 11.0% during the fourth quarter. Centersquare Investment Management LLC now owns 8,119,987 shares of the company's stock worth $237,185,000 after buying an additional 804,291 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus boosted their target price on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and an average price target of $34.93.
Get Our Latest Research Report on VICI
VICI Properties Stock Performance
Shares of VICI stock traded down $0.23 during midday trading on Wednesday, hitting $32.74. The company had a trading volume of 5,248,415 shares, compared to its average volume of 6,034,509. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week 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 company's 50 day simple moving average is $31.71 and its 200 day simple moving average is $31.14. The stock has a market cap of $34.60 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 3.88 and a beta of 0.70.
VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results 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 firm had revenue of $976.05 million during 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%. Research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.28%. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.
About VICI Properties
(
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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