Uniplan Investment Counsel Inc. cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 771,839 shares of the company's stock after selling 11,633 shares during the period. VICI Properties makes up 2.1% of Uniplan Investment Counsel Inc.'s holdings, making the stock its 14th biggest holding. Uniplan Investment Counsel Inc. owned approximately 0.07% of VICI Properties worth $22,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in VICI. World Investment Advisors LLC purchased a new stake in VICI Properties during the third quarter worth approximately $441,000. Wilmington Savings Fund Society FSB acquired a new position in VICI Properties during the third quarter worth approximately $125,000. Tidal Investments LLC lifted its stake in VICI Properties by 11.9% in the third quarter. Tidal Investments LLC now owns 52,678 shares of the company's stock valued at $1,755,000 after buying an additional 5,620 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of VICI Properties by 53.6% in the third quarter. Synovus Financial Corp now owns 22,198 shares of the company's stock valued at $739,000 after acquiring an additional 7,742 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of VICI Properties by 18.4% during the fourth quarter. GAMMA Investing LLC now owns 13,984 shares of the company's stock worth $408,000 after acquiring an additional 2,172 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on VICI shares. Mizuho increased their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Stifel Nicolaus lifted their price objective on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a report on Thursday, March 27th. Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, JMP Securities restated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, VICI Properties has an average rating of "Moderate Buy" and an average price target of $34.63.
Read Our Latest Analysis on VICI Properties
VICI Properties Trading Down 1.1 %
Shares of NYSE:VICI opened at $32.18 on Tuesday. The company has a 50 day moving average price of $31.66 and a 200 day moving average price of $31.13. The stock has a market capitalization of $34.00 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29.
VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results 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). The business had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 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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