D. E. Shaw & Co. Inc. lowered its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,249 shares of the company's stock after selling 8,323 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in VICI Properties were worth $2,899,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Capital Research Global Investors increased its stake in shares of VICI Properties by 1.8% in the 4th 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 in the last quarter. Geode Capital Management LLC increased 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 acquiring an additional 1,036,344 shares in the last quarter. Capital World Investors increased 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 acquiring an additional 2,903,744 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after acquiring an additional 130,659 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of VICI Properties in the 4th quarter valued at $419,932,000. Institutional investors own 97.71% of the company's stock.
VICI Properties Stock Up 0.9%
VICI traded up $0.29 during mid-day trading on Friday, reaching $31.49. 5,210,319 shares of the stock were exchanged, compared to its average volume of 6,005,751. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market capitalization of $33.28 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a 50 day moving average price of $31.67 and a two-hundred day moving average price of $31.05. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29.
VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. As a group, research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio is 69.20%.
Analyst Ratings Changes
VICI has been the subject of several research analyst reports. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. 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 report on Monday, March 10th. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Barclays lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Three equities 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 company presently has an average rating of "Moderate Buy" and an average price target of $35.18.
Check Out Our Latest Stock Analysis 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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