Berger Financial Group Inc increased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,096 shares of the company's stock after buying an additional 30,515 shares during the period. Berger Financial Group Inc's holdings in VICI Properties were worth $6,168,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in VICI. Wells Fargo & Company MN boosted its holdings in shares of VICI Properties by 0.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,300,707 shares of the company's stock valued at $37,994,000 after buying an additional 4,767 shares in the last quarter. FMR LLC boosted its holdings in shares of VICI Properties by 8.6% in the 4th quarter. FMR LLC now owns 3,678,416 shares of the company's stock valued at $107,447,000 after buying an additional 292,280 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of VICI Properties by 9.2% in the 4th quarter. Bank of Montreal Can now owns 1,090,841 shares of the company's stock valued at $31,863,000 after buying an additional 91,897 shares in the last quarter. FIL Ltd boosted its holdings in shares of VICI Properties by 1,764.8% in the 4th quarter. FIL Ltd now owns 50,330 shares of the company's stock valued at $1,470,000 after buying an additional 47,631 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of VICI Properties by 29.1% in the 4th quarter. Bank of Nova Scotia now owns 451,529 shares of the company's stock valued at $13,201,000 after buying an additional 101,837 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.
VICI Properties Price Performance
VICI stock traded down $0.08 during trading on Monday, reaching $32.82. 6,093,684 shares of the company were exchanged, compared to its average volume of 6,131,085. The company has a market cap of $34.99 billion, a P/E ratio of 12.57, a PEG ratio of 3.29 and a beta of 0.68. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The stock's 50 day moving average price is $32.76 and its 200 day moving average price is $31.92. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.
VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. As a group, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.3%. VICI Properties's payout ratio is presently 66.28%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on VICI shares. Stifel Nicolaus upped their target price on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Robert W. Baird upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has an average rating of "Moderate Buy" and an average price target of $35.40.
Read Our Latest Stock Report on VICI Properties
VICI Properties Profile
(
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.
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