Grantham Mayo Van Otterloo & Co. LLC grew its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 3,401.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 622,983 shares of the company's stock after purchasing an additional 605,191 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.06% of VICI Properties worth $18,197,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Walleye Capital LLC acquired a new stake in VICI Properties in the third quarter valued at $717,000. Captrust Financial Advisors raised its stake in shares of VICI Properties by 4.6% during the third quarter. Captrust Financial Advisors now owns 34,861 shares of the company's stock valued at $1,161,000 after acquiring an additional 1,533 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of VICI Properties during the third quarter worth $409,000. Hilltop Holdings Inc. grew its holdings in VICI Properties by 46.8% in the third quarter. Hilltop Holdings Inc. now owns 11,404 shares of the company's stock worth $380,000 after purchasing an additional 3,633 shares during the period. Finally, Janus Henderson Group PLC increased its stake in VICI Properties by 185.3% during the 3rd quarter. Janus Henderson Group PLC now owns 972,695 shares of the company's stock valued at $32,397,000 after purchasing an additional 631,747 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.
VICI Properties Stock Up 4.9 %
Shares of NYSE:VICI traded up $1.43 on Wednesday, hitting $30.84. 12,176,983 shares of the company's stock were exchanged, compared to its average volume of 5,975,860. The company has a market capitalization of $32.59 billion, a PE ratio of 12.05, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year 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 firm's 50-day moving average is $31.37 and its 200 day moving average is $31.20.
VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results 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 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. Sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is currently 67.58%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on VICI shares. Barclays raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Mizuho raised their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research report on Thursday, March 27th. Finally, JMP Securities reissued a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.63.
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VICI Properties Profile
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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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