Capital Research Global Investors lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,511,574 shares of the company's stock after acquiring an additional 984,421 shares during the period. Capital Research Global Investors owned 5.17% of VICI Properties worth $1,592,283,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of VICI. World Investment Advisors LLC acquired a new position in VICI Properties during the third quarter valued at approximately $441,000. Wilmington Savings Fund Society FSB purchased a new stake in VICI Properties during the 3rd quarter worth $125,000. Tidal Investments LLC increased its holdings in VICI Properties by 11.9% in the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company's stock valued at $1,755,000 after purchasing an additional 5,620 shares in the last quarter. Synovus Financial Corp raised its position in 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 purchasing an additional 7,742 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of VICI Properties by 18.4% in the fourth quarter. GAMMA Investing LLC now owns 13,984 shares of the company's stock worth $408,000 after buying an additional 2,172 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on VICI shares. Truist Financial boosted their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Mizuho raised their price target 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. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company raised their target price 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 given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.93.
View Our Latest Stock Report on VICI
VICI Properties Stock Performance
Shares of NYSE VICI traded down $0.50 during trading on Wednesday, reaching $32.47. The stock had a trading volume of 3,693,525 shares, compared to its average volume of 6,023,410. The firm's 50 day moving average price is $31.71 and its two-hundred day moving average price is $31.14. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29. The stock has a market cap of $34.31 billion, a PE ratio of 12.68, a P/E/G 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 (NYSE:VICI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share 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 for the quarter, compared to analyst estimates of $969.29 million. On average, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.
VICI Properties Company Profile
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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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