Vestcor Inc Buys 11,447 Shares of VICI Properties Inc. (NYSE:VICI)

Vestcor Inc boosted its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,062 shares of the company's stock after acquiring an additional 11,447 shares during the period. Vestcor Inc's holdings in VICI Properties were worth $1,725,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in VICI. State Street Corp raised its position in shares of 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 purchasing an additional 1,164,717 shares during the period. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 608,696 shares during the period. Principal Financial Group Inc. raised its position 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 purchasing an additional 130,659 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of VICI Properties by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock valued at $356,635,000 after purchasing an additional 385,649 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 valued at $297,685,000 after purchasing an additional 7,658,819 shares during the period. Institutional investors own 97.71% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial decreased their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Stifel Nicolaus upped their target price on shares of VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Wells Fargo & Company upped their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and an average price target of $34.20.

VICI Properties Trading Down 0.9 %

Shares of NYSE:VICI traded down $0.30 on Wednesday, hitting $32.38. The company had a trading volume of 7,772,940 shares, compared to its average volume of 5,503,224. The firm's 50-day simple moving average is $30.64 and its two-hundred day simple moving average is $31.45. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. 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 firm has a market capitalization of $34.20 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly 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). The business 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 anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.34%. VICI Properties's dividend payout ratio is presently 67.58%.

VICI Properties Company 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.