VICI Properties Inc. (NYSE:VICI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 0.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 153,972,833 shares of the company's stock after buying an additional 221,879 shares during the quarter. Vanguard Group Inc. owned about 14.61% of VICI Properties worth $4,497,546,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in VICI. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC acquired a new position in shares of VICI Properties in the fourth quarter valued at approximately $33,000. Whipplewood Advisors LLC purchased a new stake in shares of VICI Properties during the fourth quarter worth approximately $40,000. Continuum Advisory LLC lifted its holdings in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after purchasing an additional 374 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock valued at $65,000 after buying an additional 1,630 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Mizuho reduced their target price 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. 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. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Truist Financial cut 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. Finally, Wells Fargo & Company lifted their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, VICI Properties presently has a consensus rating of "Moderate Buy" and an average price target of $34.23.

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VICI Properties Price Performance

VICI Properties stock traded up $0.11 during trading hours on Friday, hitting $31.99. The stock had a trading volume of 4,731,126 shares, compared to its average volume of 5,825,963. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The stock has a market capitalization of $33.80 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94. The stock's fifty day moving average is $31.13 and its two-hundred day moving average is $31.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data 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 net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. As a group, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties's payout ratio is currently 67.58%.

VICI Properties Company 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.