VICI Properties Inc. (NYSE:VICI) Holdings Raised by Capital Research Global Investors

Capital Research Global Investors grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,511,574 shares of the company’s stock after acquiring an additional 984,421 shares during the period. Capital Research Global Investors owned 5.17% of VICI Properties worth $1,592,283,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. World Investment Advisors LLC acquired a new stake in VICI Properties in the third quarter valued at approximately $441,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of VICI Properties in the 3rd quarter valued at $125,000. Tidal Investments LLC boosted its holdings in VICI Properties by 11.9% in the third quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock worth $1,755,000 after purchasing an additional 5,620 shares in the last quarter. Synovus Financial Corp increased its position in VICI Properties by 53.6% during the third quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock worth $739,000 after buying an additional 7,742 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in VICI Properties by 18.4% during the fourth quarter. GAMMA Investing LLC now owns 13,984 shares of the company’s stock valued at $408,000 after buying an additional 2,172 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Stifel Nicolaus lifted 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. Mizuho upped their price objective on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Finally, Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.63.

VICI Properties Stock Up 1.6 %

Shares of VICI opened at $32.56 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $34.40 billion, a PE ratio of 12.72, a P/E/G ratio of 3.88 and a beta of 0.70. The firm’s 50 day moving average is $31.61 and its 200-day moving average is $31.15. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. VICI Properties’s dividend payout ratio 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.