VICI Properties Inc. (NYSE:VICI) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. raised its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 7,692.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,467,605 shares of the company's stock after purchasing an additional 1,448,771 shares during the quarter. Pinebridge Investments L.P. owned 0.14% of VICI Properties worth $42,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. D.A. Davidson & CO. grew its position in VICI Properties by 3.2% during the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock worth $321,000 after buying an additional 340 shares during the period. Carret Asset Management LLC grew its holdings in shares of VICI Properties by 0.5% in the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock worth $2,034,000 after acquiring an additional 354 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in VICI Properties by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock valued at $1,206,000 after purchasing an additional 372 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in VICI Properties by 3.3% during the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after purchasing an additional 391 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in VICI Properties by 0.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company's stock worth $2,042,000 after purchasing an additional 408 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VICI shares. Mizuho lifted their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday, March 27th. Barclays lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, VICI Properties has an average rating of "Moderate Buy" and an average price target of $34.63.

VICI Properties Stock Performance

VICI Properties stock opened at $32.99 on Wednesday. The stock has a fifty day moving average price of $31.71 and a 200 day moving average price of $31.14. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The firm has a market capitalization of $34.86 billion, a P/E ratio of 12.89, a PEG ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last released its 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). 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 during the quarter, compared to analyst estimates of $969.29 million. Equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.24%. VICI Properties's payout ratio is 67.58%.

VICI Properties 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.

Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.