Nomura Asset Management Co. Ltd. raised its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,700,937 shares of the company's stock after buying an additional 56,374 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.16% of VICI Properties worth $49,684,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company's stock valued at $1,873,869,000 after acquiring an additional 1,164,717 shares in the last quarter. Geode Capital Management LLC lifted its stake in VICI Properties by 2.2% in the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company's stock valued at $945,712,000 after buying an additional 608,696 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of VICI Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after acquiring an additional 130,659 shares during the period. Norges Bank purchased a new position in VICI Properties during the 4th quarter worth $419,932,000. Finally, Charles Schwab Investment Management Inc. lifted its position in VICI Properties by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock worth $356,635,000 after acquiring an additional 385,649 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on VICI. Wells Fargo & Company lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Truist Financial decreased their price objective 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. JMP Securities reissued a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus raised their price objective on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.23.
Get Our Latest Stock Analysis on VICI Properties
VICI Properties Trading Up 2.0 %
NYSE VICI traded up $0.63 during mid-day trading on Monday, hitting $32.64. The company's stock had a trading volume of 3,974,351 shares, compared to its average volume of 5,819,496. 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 Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The stock's fifty day simple moving average is $31.13 and its two-hundred day simple moving average is $31.35. The firm has a market capitalization of $34.49 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.
VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly 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 analysts' expectations of $969.29 million. Research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.30%. The ex-dividend date is 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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