114,691 Shares in VICI Properties Inc. (NYSE:VICI) Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 114,691 shares of the company's stock, valued at approximately $3,350,000.

A number of other institutional investors have also recently made changes to their positions in VICI. Venturi Wealth Management LLC boosted its stake in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after buying an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the 4th quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new position in shares of VICI Properties in the fourth quarter valued at $40,000. Continuum Advisory LLC increased its position in 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 purchasing an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC raised its stake in VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock valued at $61,000 after purchasing an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Trading Up 1.4 %

VICI stock traded up $0.45 during midday trading on Monday, reaching $31.98. The company's stock had a trading volume of 5,506,180 shares, compared to its average volume of 5,545,586. The firm has a market capitalization of $33.79 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94. 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 stock has a fifty day simple moving average of $30.84 and a two-hundred day simple moving average of $31.41.

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VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.41%. VICI Properties's dividend payout ratio (DPR) is currently 67.58%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VICI. Stifel Nicolaus boosted their target price on shares of VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Barclays boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. JMP Securities reissued a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Finally, Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $34.20.

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.