Bank of New York Mellon Corp Has $184.90 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Bank of New York Mellon Corp lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,668,425 shares of the company's stock after purchasing an additional 24,076 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of VICI Properties worth $184,904,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VICI. Capital Research Global Investors boosted its stake in VICI Properties by 1.8% in the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after acquiring an additional 984,421 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of VICI Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after purchasing an additional 1,036,344 shares during the period. Capital World Investors lifted its stake in shares of VICI Properties by 11.4% in the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after purchasing an additional 2,903,744 shares during the period. Norges Bank acquired a new position in shares of VICI Properties in the 4th quarter valued at $419,932,000. Finally, Invesco Ltd. lifted its stake in shares of VICI Properties by 5.4% in the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after purchasing an additional 692,092 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Up 0.4%

Shares of VICI traded up $0.13 during trading hours on Tuesday, reaching $33.01. The stock had a trading volume of 6,715,074 shares, compared to its average volume of 5,936,575. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 52 week low of $27.54 and a 52 week high of $34.29. The firm has a 50-day moving average of $32.03 and a 200 day moving average of $31.23. The company has a market cap of $34.88 billion, a P/E ratio of 13.20, a P/E/G ratio of 3.84 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. The firm had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. On average, sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.4325 per share. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.24%. VICI Properties's dividend payout ratio is 69.20%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on VICI shares. Truist Financial increased their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company increased their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Stifel Nicolaus increased their price target on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Morgan Stanley increased their price target on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, Mizuho upped their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.38.

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.