VICI Properties Inc. (NYSE:VICI) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,332,832 shares of the company's stock after buying an additional 196,295 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.22% of VICI Properties worth $68,725,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company's stock valued at $1,873,869,000 after acquiring an additional 1,164,717 shares during the period. Geode Capital Management LLC increased its stake in VICI Properties by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company's stock valued at $945,712,000 after purchasing an additional 608,696 shares in the last quarter. Principal Financial Group Inc. raised its holdings in VICI Properties by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock worth $706,962,000 after purchasing an additional 130,659 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in VICI Properties by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock worth $356,635,000 after purchasing an additional 385,649 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in VICI Properties by 599.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock worth $297,685,000 after purchasing an additional 7,658,819 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research analysts have recently issued reports on VICI shares. Wells Fargo & Company lifted 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. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Barclays raised their price objective 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. JMP Securities reissued a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Mizuho cut 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $34.23.

VICI Properties Trading Up 1.5 %

Shares of VICI traded up $0.49 during trading hours on Monday, hitting $32.50. The stock had a trading volume of 3,283,785 shares, compared to its average volume of 5,817,075. The company's fifty day simple moving average is $31.13 and its 200 day simple moving average is $31.35. VICI Properties Inc. has a 12-month low of $27.08 and a 12-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 firm has a market cap of $34.34 billion, a P/E ratio of 12.71, a P/E/G ratio of 3.88 and a beta of 0.94.

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 (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 for the quarter, compared to analysts' expectations of $969.29 million. Equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.32%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is 67.58%.

About VICI Properties

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.