Norges Bank Invests $419.93 Million in VICI Properties Inc. (NYSE:VICI)

Norges Bank purchased a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,376,295 shares of the company's stock, valued at approximately $419,932,000. Norges Bank owned about 1.36% of VICI Properties at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company's stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of VICI Properties by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company's stock worth $945,712,000 after acquiring an additional 608,696 shares during the period. Principal Financial Group Inc. increased its holdings in shares of VICI Properties by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock worth $706,962,000 after acquiring an additional 130,659 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in VICI Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock valued at $356,635,000 after acquiring an additional 385,649 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock valued at $297,685,000 after purchasing an additional 7,658,819 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several equities analysts have commented on VICI shares. Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus boosted their price target on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.23.

VICI Properties Price Performance

VICI Properties stock traded down $0.25 during mid-day trading on Tuesday, reaching $32.37. 1,595,132 shares of the company were exchanged, compared to its average volume of 5,825,835. The firm has a market cap of $34.20 billion, a PE ratio of 12.67, a PEG ratio of 3.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a fifty day simple moving average of $31.19 and a 200-day simple moving average of $31.34. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month 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 analysts' consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.35%. 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.