TT Capital Management LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 123,344 shares of the company's stock, valued at approximately $3,609,000. VICI Properties comprises about 2.9% of TT Capital Management LLC's investment portfolio, making the stock its 6th biggest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised 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. Principal Financial Group Inc. lifted its holdings in shares of VICI Properties by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after purchasing an additional 130,659 shares in the last quarter. Norges Bank bought a new position in shares of VICI Properties during the fourth quarter valued at $419,932,000. Invesco Ltd. boosted its position in shares of VICI Properties by 5.4% during the fourth quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after buying an additional 692,092 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in VICI Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock worth $356,635,000 after buying an additional 385,649 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
VICI has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Mizuho lifted their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Finally, Wells Fargo & Company raised 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.63.
View Our Latest Stock Report on VICI Properties
VICI Properties Price Performance
VICI stock traded up $0.48 during trading on Tuesday, reaching $32.07. The company's stock had a trading volume of 6,219,617 shares, compared to its average volume of 6,007,108. The company's fifty day moving average is $31.47 and its 200-day moving average is $31.15. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a market capitalization of $33.88 billion, a P/E ratio of 12.53, a price-to-earnings-growth 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 (NYSE:VICI - Get Free Report) last posted 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 business had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. On average, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.40%. VICI Properties's dividend payout ratio (DPR) is 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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