Prudential PLC Has $2.04 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Prudential PLC increased its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 95.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,844 shares of the company's stock after purchasing an additional 34,101 shares during the quarter. Prudential PLC's holdings in VICI Properties were worth $2,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Walleye Capital LLC bought a new stake in shares of VICI Properties in the 3rd quarter worth approximately $717,000. Captrust Financial Advisors grew its holdings in shares of VICI Properties by 4.6% during the third quarter. Captrust Financial Advisors now owns 34,861 shares of the company's stock valued at $1,161,000 after buying an additional 1,533 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of VICI Properties in the 3rd quarter valued at about $409,000. Integrated Wealth Concepts LLC lifted its position in VICI Properties by 138.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 38,123 shares of the company's stock worth $1,270,000 after buying an additional 22,119 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in VICI Properties during the third quarter valued at $223,000. Institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VICI. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Barclays boosted their target price 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. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial lowered their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.63.

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VICI Properties Trading Down 2.7 %

NYSE VICI traded down $0.82 during trading hours on Thursday, hitting $29.97. The company's stock had a trading volume of 2,639,056 shares, compared to its average volume of 5,963,966. The stock has a fifty day moving average of $31.37 and a 200 day moving average of $31.20. The firm has a market capitalization of $31.67 billion, a P/E ratio of 11.75, a PEG ratio of 3.88 and a beta of 0.70. 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.

VICI Properties (NYSE:VICI - Get Free Report) last announced 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). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.77%. VICI Properties's dividend payout ratio 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.