Prudential Financial Inc. Increases Position in VICI Properties Inc. (NYSE:VICI)

Prudential Financial Inc. boosted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 125.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,659,922 shares of the company's stock after acquiring an additional 925,041 shares during the quarter. Prudential Financial Inc. owned about 0.16% of VICI Properties worth $48,486,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock worth $297,685,000 after purchasing an additional 7,658,819 shares during the last quarter. State Street Corp raised its position in VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company's stock worth $1,873,869,000 after buying an additional 1,164,717 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in VICI Properties by 127.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock valued at $50,099,000 after acquiring an additional 960,706 shares during the period. BNP Paribas Financial Markets lifted its stake in VICI Properties by 80.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,673,230 shares of the company's stock valued at $55,735,000 after acquiring an additional 748,378 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of VICI Properties by 185.3% in the 3rd quarter. Janus Henderson Group PLC now owns 972,695 shares of the company's stock valued at $32,397,000 after acquiring an additional 631,747 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of research firms recently issued reports on VICI. Barclays boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. JMP Securities restated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial dropped their target price on VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Mizuho dropped their price objective on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Three 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $34.23.

VICI Properties Price Performance

Shares of NYSE:VICI traded up $0.11 during midday trading on Friday, reaching $31.99. 4,731,126 shares of the company's stock traded hands, compared to its average volume of 5,825,965. The company has a market cap of $33.80 billion, a P/E ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94. The company has a fifty day simple moving average of $31.13 and a two-hundred day simple moving average of $31.35. 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 Inc. has a 1 year low of $27.08 and a 1 year 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). The company had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

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 paid a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.41%. VICI Properties's dividend payout ratio (DPR) is currently 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.