FIL Ltd Boosts Stock Position in VICI Properties Inc. (NYSE:VICI)

FIL Ltd raised its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 1,764.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,330 shares of the company's stock after purchasing an additional 47,631 shares during the period. FIL Ltd's holdings in VICI Properties were worth $1,470,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after buying an additional 431 shares during the last quarter. Kestra Investment Management LLC bought a new stake in VICI Properties in the fourth quarter worth $33,000. Whipplewood Advisors LLC purchased a new stake in VICI Properties in the fourth quarter worth $40,000. Cromwell Holdings LLC grew its holdings in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after acquiring an additional 494 shares in the last quarter. Finally, Promus Capital LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at about $63,000. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VICI. Stifel Nicolaus boosted their price target on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday, March 27th. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Barclays raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company increased their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.63.

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VICI Properties Stock Up 0.2 %

NYSE VICI traded up $0.05 during trading hours on Wednesday, hitting $32.10. 5,432,614 shares of the company traded hands, compared to its average volume of 6,009,926. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business's 50-day moving average is $31.47 and its 200-day moving average is $31.15. The stock has a market capitalization of $33.92 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 3.88 and a beta of 0.70.

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). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. Sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.39%. VICI Properties's dividend payout ratio is currently 67.58%.

VICI Properties Company 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.