Fmr LLC Raises Position in VICI Properties Inc. (NYSE:VICI)

FMR LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,678,416 shares of the company's stock after acquiring an additional 292,280 shares during the period. FMR LLC owned 0.35% of VICI Properties worth $107,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of VICI Properties in the fourth quarter valued at $419,932,000. Geode Capital Management LLC increased its holdings in shares of VICI Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock worth $860,107,000 after buying an additional 1,036,344 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of VICI Properties by 127.3% during 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 buying an additional 960,706 shares in the last quarter. Prudential Financial Inc. lifted its holdings 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 acquiring an additional 925,041 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its position in VICI Properties by 11.0% in the fourth quarter. Centersquare Investment Management LLC now owns 8,119,987 shares of the company's stock worth $237,185,000 after acquiring an additional 804,291 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Up 1.6 %

Shares of NYSE VICI traded up $0.51 during trading hours on Friday, reaching $32.56. The stock had a trading volume of 8,361,174 shares, compared to its average volume of 6,030,128. The business's fifty day moving average price is $31.56 and its two-hundred day moving average price is $31.15. The firm has a market cap of $34.40 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.15 and a 52-week high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

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 analysts' consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. Analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued 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 yield of 5.31%. VICI Properties's dividend payout ratio is presently 67.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VICI shares. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays increased 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 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, April 3rd. Truist Financial reduced 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 note on Tuesday, January 14th. Finally, Wells Fargo & Company lifted their price target on shares of 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 given a buy rating to the company. According to data from MarketBeat.com, VICI Properties presently has an average rating of "Moderate Buy" and an average price target of $34.63.

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.