DnB Asset Management AS Has $5.92 Million Holdings in VICI Properties Inc. (NYSE:VICI)

DnB Asset Management AS boosted its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,645 shares of the company's stock after acquiring an additional 21,365 shares during the quarter. DnB Asset Management AS's holdings in VICI Properties were worth $5,919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. Venturi Wealth Management LLC raised its holdings in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in VICI Properties in the 4th quarter valued at $33,000. Whipplewood Advisors LLC bought a new stake in VICI Properties during the 4th quarter worth about $40,000. Continuum Advisory LLC lifted its position in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after buying an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its stake in shares of VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after buying an additional 494 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI traded down $0.33 during trading hours on Thursday, hitting $31.86. The company had a trading volume of 3,321,330 shares, compared to its average volume of 5,843,101. The business has a fifty day moving average of $31.29 and a 200-day moving average of $31.34. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market cap of $33.67 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

Remove Ads

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

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio is 67.58%.

Analyst Ratings Changes

Several research firms recently issued reports on VICI. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities reissued a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Mizuho raised their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday. 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 report on Monday, March 10th. Finally, Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Three equities 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.com, VICI Properties has an average rating of "Moderate Buy" and an average price target of $34.63.

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.