Bank of Montreal Can grew its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 9.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,090,841 shares of the company's stock after acquiring an additional 91,897 shares during the period. Bank of Montreal Can owned about 0.10% of VICI Properties worth $31,863,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its stake in VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after acquiring an additional 1,036,344 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of VICI Properties by 0.5% in the 4th 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 during the last quarter. Norges Bank bought a new stake in VICI Properties in the fourth quarter worth $419,932,000. Charles Schwab Investment Management Inc. increased its position in VICI Properties by 3.3% during the fourth 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 during the last quarter. Finally, Boston Partners raised its holdings in VICI Properties by 6.8% during the fourth quarter. Boston Partners now owns 8,329,090 shares of the company's stock valued at $243,298,000 after buying an additional 532,275 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.
VICI Properties Price Performance
Shares of VICI stock traded up $0.20 during mid-day trading on Tuesday, reaching $31.79. The company's stock had a trading volume of 1,588,455 shares, compared to its average volume of 5,980,916. The firm's 50-day moving average is $31.43 and its two-hundred day moving average is $31.15. The company has a market cap of $33.59 billion, a P/E ratio of 12.42, a PEG ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Announces Dividend
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. This represents a $1.73 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's payout ratio is 67.58%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on VICI shares. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Truist Financial dropped their price target on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Mizuho upped their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.63.
Check Out Our Latest Stock Analysis on VICI
VICI Properties Profile
(
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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