OMERS ADMINISTRATION Corp Purchases 7,345 Shares of VICI Properties Inc. (NYSE:VICI)

OMERS ADMINISTRATION Corp increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 20.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,345 shares of the company’s stock after purchasing an additional 7,345 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in VICI Properties were worth $1,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mubadala Investment Co PJSC bought a new stake in VICI Properties during the fourth quarter worth about $3,713,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in VICI Properties by 29.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 170,611 shares of the company’s stock worth $4,976,000 after purchasing an additional 38,763 shares during the period. Lazard Asset Management LLC lifted its position in VICI Properties by 1,219.6% during the fourth quarter. Lazard Asset Management LLC now owns 198,849 shares of the company’s stock worth $5,808,000 after purchasing an additional 183,780 shares during the period. Gates Capital Management Inc. lifted its position in VICI Properties by 13.1% during the fourth quarter. Gates Capital Management Inc. now owns 3,021,760 shares of the company’s stock worth $88,266,000 after purchasing an additional 350,000 shares during the period. Finally, Gotham Asset Management LLC lifted its position in VICI Properties by 64.4% during the fourth quarter. Gotham Asset Management LLC now owns 116,130 shares of the company’s stock worth $3,392,000 after purchasing an additional 45,472 shares during the period. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial boosted their target price on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Robert W. Baird boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Stifel Nicolaus boosted their target price on VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research note on Thursday, May 1st. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Finally, Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $35.18.

VICI Properties Stock Performance

VICI Properties stock opened at $32.13 on Friday. The business has a 50 day moving average of $31.73 and a 200-day moving average of $31.06. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $33.95 billion, a P/E ratio of 12.55, a P/E/G ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s payout ratio is presently 69.20%.

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.