NEOS Investment Management LLC Grows Stake in VICI Properties Inc. (NYSE:VICI)

NEOS Investment Management LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 31.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 62,265 shares of the company's stock after purchasing an additional 14,933 shares during the period. NEOS Investment Management LLC's holdings in VICI Properties were worth $1,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd boosted its stake in VICI Properties by 5.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 392,160 shares of the company's stock worth $11,455,000 after purchasing an additional 21,809 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of VICI Properties by 9.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,332,832 shares of the company's stock valued at $68,725,000 after purchasing an additional 196,295 shares in the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of VICI Properties by 7.8% in the fourth quarter. Prestige Wealth Management Group LLC now owns 14,325 shares of the company's stock worth $425,000 after purchasing an additional 1,039 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of VICI Properties by 5.2% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 12,515 shares of the company's stock worth $366,000 after buying an additional 624 shares in the last quarter. Finally, First American Trust FSB grew its holdings in VICI Properties by 0.3% during the 4th quarter. First American Trust FSB now owns 180,439 shares of the company's stock valued at $5,271,000 after buying an additional 627 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

VICI has been the topic of several research reports. Barclays boosted their price target 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. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial reduced their price objective 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. Wells Fargo & Company increased their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Finally, Mizuho cut their price objective on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.23.

VICI Properties Trading Up 1.8 %

NYSE:VICI traded up $0.59 during midday trading on Monday, hitting $32.60. The stock had a trading volume of 3,649,014 shares, compared to its average volume of 5,818,080. The company has a market capitalization of $34.45 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 3.88 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The stock has a 50-day moving average of $31.13 and a 200 day moving average of $31.35.

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

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.31%. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.

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.