Korea Investment CORP lessened its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 741,320 shares of the company's stock after selling 14,915 shares during the period. Korea Investment CORP owned about 0.07% of VICI Properties worth $21,654,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in VICI Properties by 2.1% during the 3rd 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 grew its position in VICI Properties by 2.2% during the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company's stock valued at $945,712,000 after purchasing an additional 608,696 shares in the last quarter. Principal Financial Group Inc. lifted its position in VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock worth $706,962,000 after buying an additional 130,659 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $356,635,000 after buying an additional 385,649 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock valued at $297,685,000 after acquiring an additional 7,658,819 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
VICI has been the topic of a number of recent research reports. Barclays boosted their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Truist Financial dropped their price objective 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 reiterated a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Mizuho reduced their price objective on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and an average target price of $34.23.
View Our Latest Stock Analysis on VICI Properties
VICI Properties Stock Performance
VICI stock traded down $0.26 during mid-day trading on Wednesday, reaching $32.19. 1,205,159 shares of the stock traded hands, compared to its average volume of 7,112,434. 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 business has a 50-day moving average of $31.24 and a two-hundred day moving average of $31.33. The firm has a market capitalization of $34.01 billion, a PE ratio of 12.58, a P/E/G ratio of 3.88 and a beta of 0.94. 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 released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Dividend Announcement
The business also recently declared 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 5.38%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.
About VICI Properties
(
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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