Wellington Management Group LLP lowered its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 87.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,046 shares of the company's stock after selling 745,471 shares during the period. Wellington Management Group LLP's holdings in VICI Properties were worth $3,068,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of VICI. Norges Bank bought a new stake in shares of VICI Properties during the fourth quarter worth approximately $419,932,000. Robeco Institutional Asset Management B.V. grew its holdings 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 worth $50,099,000 after acquiring an additional 960,706 shares during the period. Prudential Financial Inc. raised its position in shares of VICI Properties by 125.9% during the 4th quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company's stock valued at $48,486,000 after acquiring an additional 925,041 shares during the last quarter. Boston Partners lifted its stake in shares of VICI Properties by 6.8% in the 4th quarter. Boston Partners now owns 8,329,090 shares of the company's stock valued at $243,298,000 after purchasing an additional 532,275 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of VICI Properties by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock worth $356,635,000 after purchasing an additional 385,649 shares during the period. Institutional investors own 97.71% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on VICI shares. Truist Financial cut their target price on VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Stifel Nicolaus increased their target price on shares of VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a report on Thursday, March 27th. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. JMP Securities reissued a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Finally, Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, VICI Properties has an average rating of "Moderate Buy" and an average target price of $34.63.
View Our Latest Report on VICI
VICI Properties Stock Performance
Shares of VICI stock traded up $0.20 on Tuesday, reaching $31.79. The stock had a trading volume of 1,033,227 shares, compared to its average volume of 7,505,729. 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's 50-day moving average is $31.43 and its two-hundred day moving average is $31.15. The firm has a market capitalization of $33.60 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.
VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. On average, research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Announces Dividend
The company also recently announced 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. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio is currently 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.
Featured Articles
Before you consider VICI Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VICI Properties wasn't on the list.
While VICI Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
