Resona Asset Management Co. Ltd. bought a new position in VICI Properties Inc. (NYSE:VICI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 629,869 shares of the company's stock, valued at approximately $18,284,000. Resona Asset Management Co. Ltd. owned approximately 0.06% of VICI Properties as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of VICI. D.A. Davidson & CO. grew its holdings in VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock valued at $321,000 after buying an additional 340 shares in the last quarter. Carret Asset Management LLC grew its stake in VICI Properties by 0.5% during the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock valued at $2,034,000 after acquiring an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in VICI Properties by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after acquiring an additional 372 shares during the period. Continuum Advisory LLC lifted its stake in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after purchasing an additional 374 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock valued at $357,000 after purchasing an additional 391 shares during the period. Institutional investors own 97.71% of the company's stock.
Wall Street Analyst Weigh In
VICI has been the topic of several research analyst reports. Barclays upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Wells Fargo & Company upped their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of "Moderate Buy" and an average price target of $34.63.
Get Our Latest Report on VICI
VICI Properties Trading Up 4.9 %
Shares of NYSE:VICI traded up $1.43 on Wednesday, reaching $30.84. 12,176,983 shares of the company traded hands, compared to its average volume of 5,975,860. The stock has a market capitalization of $32.59 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The business's 50-day simple moving average is $31.37 and its 200 day simple moving average is $31.20. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week 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). The company had revenue of $976.05 million during the quarter, compared to analysts' expectations 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 analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.61%. VICI Properties's payout ratio is currently 67.58%.
VICI Properties Profile
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Free Report)
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.
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