Principal Financial Group Inc. Purchases 130,659 Shares of VICI Properties Inc. (NYSE:VICI)

Principal Financial Group Inc. increased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,202,538 shares of the company's stock after buying an additional 130,659 shares during the quarter. Principal Financial Group Inc. owned 2.30% of VICI Properties worth $706,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CHURCHILL MANAGEMENT Corp increased its holdings in VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock valued at $9,103,000 after purchasing an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in VICI Properties by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company's stock valued at $18,268,000 after purchasing an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its holdings in VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock valued at $13,282,000 after purchasing an additional 130,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock valued at $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Finally, Brookstone Capital Management acquired a new stake in VICI Properties during the 4th quarter valued at $359,000. Institutional investors own 97.71% of the company's stock.

VICI Properties Trading Up 0.9 %

Shares of VICI Properties stock traded up $0.27 during trading on Thursday, reaching $30.75. 4,572,321 shares of the company were exchanged, compared to its average volume of 6,293,754. 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 twelve month low of $27.08 and a twelve month high of $34.29. The business has a 50-day moving average price of $29.59 and a 200-day moving average price of $31.43. The firm has a market capitalization of $32.41 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 3.83 and a beta of 0.95.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.80% and a net margin of 73.90%. Sell-side analysts anticipate that VICI Properties Inc. will post 2.26 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.63%. VICI Properties's dividend payout ratio is presently 64.07%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VICI. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Barclays dropped their price target on VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Finally, Truist Financial lowered their target price 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $34.22.

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.