Legal & General Group Plc trimmed its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,888,802 shares of the company's stock after selling 2,239,521 shares during the period. Legal & General Group Plc owned 1.13% of VICI Properties worth $347,272,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its holdings in shares of VICI Properties by 3.2% during the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock worth $321,000 after purchasing an additional 340 shares during the period. Carret Asset Management LLC boosted its stake in shares of VICI Properties by 0.5% during the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock valued at $2,034,000 after buying an additional 354 shares during the period. Sheaff Brock Investment Advisors LLC grew its holdings in shares of VICI Properties by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock valued at $1,206,000 after acquiring an additional 372 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after acquiring an additional 374 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of VICI Properties by 3.3% during the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after acquiring an additional 391 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
VICI has been the topic of a number of recent research reports. 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 note on Monday, March 10th. JMP Securities restated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Stifel Nicolaus raised 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. Barclays boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Finally, Mizuho raised their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.63.
View Our Latest Stock Analysis on VICI Properties
VICI Properties Stock Performance
VICI stock traded up $0.99 during mid-day trading on Friday, reaching $31.07. 11,212,760 shares of the stock traded hands, compared to its average volume of 5,991,425. 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 business has a 50-day moving average of $31.40 and a two-hundred day moving average of $31.16. The firm has a market capitalization of $32.83 billion, a PE ratio of 12.14, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.
VICI Properties (NYSE:VICI - Get Free Report) last issued 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 business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.
VICI Properties Profile
(
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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