Duff & Phelps Investment Management Co. reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 782,130 shares of the company's stock after selling 14,942 shares during the period. Duff & Phelps Investment Management Co. owned about 0.07% of VICI Properties worth $22,846,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC boosted its position in VICI Properties by 76,342.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 369,219 shares of the company's stock valued at $10,785,000 after buying an additional 368,736 shares during the period. Norges Bank purchased a new stake in VICI Properties during the 4th quarter valued at about $419,932,000. Blair William & Co. IL grew its position in VICI Properties by 11.2% during the 4th quarter. Blair William & Co. IL now owns 147,939 shares of the company's stock worth $4,321,000 after acquiring an additional 14,892 shares during the last quarter. Caisse Des Depots ET Consignations bought a new position in VICI Properties during the 4th quarter worth approximately $3,715,000. Finally, NEOS Investment Management LLC increased its stake in VICI Properties by 31.5% in the 4th quarter. NEOS Investment Management LLC now owns 62,265 shares of the company's stock worth $1,819,000 after purchasing an additional 14,933 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Truist Financial lowered their price target on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Barclays boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Mizuho dropped their price objective on VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.23.
Check Out Our Latest Analysis on VICI
VICI Properties Stock Up 0.3 %
Shares of VICI stock traded up $0.11 during trading hours on Friday, hitting $31.99. 4,731,126 shares of the company's stock traded hands, compared to its average volume of 5,825,965. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock's fifty day simple moving average is $31.13 and its two-hundred day simple moving average is $31.36. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The stock has a market cap of $33.80 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94.
VICI Properties (NYSE:VICI - Get Free Report) last announced 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). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.41%. VICI Properties's dividend payout ratio is currently 67.58%.
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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