Sterling Capital Management LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 190,757 shares of the company's stock after purchasing an additional 21,477 shares during the quarter. Sterling Capital Management LLC's holdings in VICI Properties were worth $5,572,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after acquiring an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties in the fourth quarter valued at $33,000. Whipplewood Advisors LLC acquired a new stake in VICI Properties during the fourth quarter valued at $40,000. Continuum Advisory LLC raised its holdings in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after purchasing an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC raised its position in shares of VICI Properties by 31.3% in 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 during the period. Institutional investors and hedge funds own 97.71% of the company's stock.
VICI Properties Trading Up 0.9 %
Shares of NYSE VICI traded up $0.29 during mid-day trading on Wednesday, reaching $32.34. 2,007,118 shares of the company's stock were exchanged, compared to its average volume of 5,991,601. 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 company's 50-day moving average is $31.47 and its 200-day moving average is $31.15. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The firm has a market capitalization of $34.17 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 3.88 and a beta of 0.70.
VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $969.29 million. Analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders 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 dividend yield of 5.35%. VICI Properties's dividend payout ratio is presently 67.58%.
Wall Street Analyst Weigh In
A number of research firms have commented on VICI. Wells Fargo & Company boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. JMP Securities reiterated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, Mizuho boosted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.63.
Check Out Our Latest Stock Analysis on VICI
VICI Properties Profile
(
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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