Generali Asset Management SPA SGR Purchases New Position in VICI Properties Inc. (NYSE:VICI)

Generali Asset Management SPA SGR bought a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 107,166 shares of the company's stock, valued at approximately $3,130,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VICI. Natixis Advisors LLC lifted its holdings in VICI Properties by 10.1% in the third quarter. Natixis Advisors LLC now owns 271,903 shares of the company's stock valued at $9,057,000 after acquiring an additional 24,998 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of VICI Properties by 11.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 146,601 shares of the company's stock valued at $4,883,000 after purchasing an additional 15,201 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of VICI Properties by 7.9% during the 3rd quarter. Pathstone Holdings LLC now owns 57,210 shares of the company's stock worth $1,906,000 after purchasing an additional 4,177 shares during the period. Caprock Group LLC grew its holdings in shares of VICI Properties by 78.6% during the 3rd quarter. Caprock Group LLC now owns 83,450 shares of the company's stock worth $2,818,000 after purchasing an additional 36,717 shares during the period. Finally, Prospera Financial Services Inc increased its position in shares of VICI Properties by 2.6% during the 3rd quarter. Prospera Financial Services Inc now owns 98,299 shares of the company's stock worth $3,274,000 after purchasing an additional 2,493 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research analysts have weighed in on VICI shares. Mizuho lowered their target price on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wells Fargo & Company boosted their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Stifel Nicolaus raised their price target 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, Truist Financial decreased their target price on VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Three 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, VICI Properties currently has a consensus rating of "Moderate Buy" and an average price target of $34.20.

VICI Properties Stock Up 1.4 %

Shares of VICI traded up $0.45 during midday trading on Monday, hitting $31.98. The company had a trading volume of 5,506,180 shares, compared to its average volume of 5,545,584. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm has a market capitalization of $33.79 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.88 and a beta of 0.94. 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 company's 50-day simple moving average is $30.84 and its 200-day simple moving average is $31.41.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 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.