UniSuper Management Pty Ltd Has $11.46 Million Position in VICI Properties Inc. (NYSE:VICI)

UniSuper Management Pty Ltd grew its stake in VICI Properties Inc. (NYSE:VICI) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 392,160 shares of the company’s stock after buying an additional 21,809 shares during the period. UniSuper Management Pty Ltd’s holdings in VICI Properties were worth $11,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. boosted its position in VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after acquiring an additional 1,630 shares during the last quarter. Private Trust Co. NA boosted its position in shares of VICI Properties by 11.5% during the 3rd quarter. Private Trust Co. NA now owns 12,388 shares of the company’s stock valued at $413,000 after purchasing an additional 1,277 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in VICI Properties by 2.5% during the third quarter. The Manufacturers Life Insurance Company now owns 955,541 shares of the company’s stock worth $31,829,000 after purchasing an additional 23,727 shares during the period. FMR LLC increased its holdings in VICI Properties by 13.3% in the third quarter. FMR LLC now owns 3,386,136 shares of the company’s stock worth $112,792,000 after purchasing an additional 397,650 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in VICI Properties by 35.9% in the third quarter. D.A. Davidson & CO. now owns 10,654 shares of the company’s stock valued at $355,000 after buying an additional 2,815 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Mizuho lowered 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. Wells Fargo & Company lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their target price on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research report on Thursday. Finally, Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.23.

VICI Properties Stock Down 0.0 %

VICI stock opened at $31.90 on Friday. The firm has a market capitalization of $33.70 billion, a PE ratio of 12.46, a P/E/G ratio of 3.88 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The stock’s 50 day moving average is $31.07 and its 200-day moving average is $31.40.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share 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 for the quarter, compared to the consensus estimate of $969.29 million. Sell-side analysts expect 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 $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.42%. VICI Properties’s dividend payout ratio (DPR) is 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.