State of Tennessee Department of Treasury Reduces Stake in VICI Properties Inc. (NYSE:VICI)

State of Tennessee Department of Treasury lowered its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 288,020 shares of the company's stock after selling 14,045 shares during the period. State of Tennessee Department of Treasury's holdings in VICI Properties were worth $8,413,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank purchased a new stake in VICI Properties in the fourth quarter worth $419,932,000. Capital World Investors grew its stake in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after acquiring an additional 2,903,744 shares during the period. Geode Capital Management LLC increased its holdings in VICI Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock worth $860,107,000 after acquiring an additional 1,036,344 shares during the last quarter. Capital Research Global Investors raised its stake in VICI Properties by 1.8% in the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after acquiring an additional 984,421 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in VICI Properties by 127.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock valued at $50,099,000 after purchasing an additional 960,706 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VICI shares. Truist Financial lifted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday. Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday, March 27th. Wells Fargo & Company increased their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Mizuho lifted their price target on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Finally, JMP Securities reissued a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.93.

VICI Properties Stock Performance

Shares of VICI opened at $32.74 on Thursday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $31.76 and a 200-day moving average price of $31.15. The company has a market cap of $34.60 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released 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 return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. As a group, equities analysts forecast 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 was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.28%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is currently 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.

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