Thrivent Financial for Lutherans increased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 366,494 shares of the company's stock after purchasing an additional 34,321 shares during the period. Thrivent Financial for Lutherans' holdings in VICI Properties were worth $10,705,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. South Street Advisors LLC raised its stake in shares of VICI Properties by 5.7% during the fourth quarter. South Street Advisors LLC now owns 85,274 shares of the company's stock valued at $2,491,000 after purchasing an additional 4,600 shares during the period. William Blair Investment Management LLC increased its stake in VICI Properties by 10.9% during the 4th quarter. William Blair Investment Management LLC now owns 7,224 shares of the company's stock worth $211,000 after buying an additional 712 shares during the period. Signaturefd LLC lifted its holdings in VICI Properties by 8.2% in the 4th quarter. Signaturefd LLC now owns 17,973 shares of the company's stock worth $525,000 after buying an additional 1,362 shares in the last quarter. Cibc World Markets Corp boosted its position in VICI Properties by 12.9% in the 4th quarter. Cibc World Markets Corp now owns 472,752 shares of the company's stock valued at $13,809,000 after buying an additional 54,125 shares during the last quarter. Finally, American Assets Capital Advisers LLC grew its stake in shares of VICI Properties by 13.3% during the fourth quarter. American Assets Capital Advisers LLC now owns 33,979 shares of the company's stock valued at $993,000 after acquiring an additional 4,000 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently commented on the company. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Truist Financial reduced 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. Mizuho dropped their price target on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus upped their target price on shares of VICI Properties from $33.75 to $34.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $34.20.
View Our Latest Analysis on VICI Properties
VICI Properties Stock Performance
NYSE VICI traded up $0.28 during trading hours on Wednesday, hitting $31.92. The company had a trading volume of 4,999,148 shares, compared to its average volume of 5,553,776. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market cap of $33.73 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The business has a fifty day simple moving average of $30.96 and a 200-day simple moving average of $31.39.
VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (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 firm had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. Equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.42%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio is currently 67.58%.
About VICI Properties
(
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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