VICI Properties Inc. (NYSE:VICI) Stake Lifted by Shelton Capital Management

Shelton Capital Management boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 345,179 shares of the company's stock after acquiring an additional 34,000 shares during the quarter. Shelton Capital Management's holdings in VICI Properties were worth $10,083,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of VICI Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after purchasing an additional 1,036,344 shares in the last quarter. Principal Financial Group Inc. grew 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 buying an additional 130,659 shares during the period. Norges Bank acquired a new stake in VICI Properties during the fourth quarter worth $419,932,000. Invesco Ltd. raised its holdings in VICI Properties by 5.4% in the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after buying an additional 692,092 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of VICI Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock valued at $356,635,000 after acquiring an additional 385,649 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

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VICI Properties Trading Up 3.3 %

Shares of NYSE VICI traded up $0.99 during midday trading on Friday, reaching $31.07. 11,212,760 shares of the stock were exchanged, compared to its average volume of 5,986,466. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $32.83 billion, a P/E ratio of 12.14, a P/E/G ratio of 3.88 and a beta of 0.70. The stock has a 50 day moving average price of $31.40 and a 200-day moving average price of $31.17. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last posted 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 business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. Equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.57%. VICI Properties's dividend payout ratio is presently 67.58%.

Analyst Ratings Changes

A number of brokerages recently commented on VICI. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Barclays raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Mizuho lifted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the stock 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 assigned a buy rating to the company's stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and an average price target of $34.63.

About VICI Properties

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.