GF Fund Management CO. LTD. Takes Position in VICI Properties Inc. (NYSE:VICI)

GF Fund Management CO. LTD. acquired a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,029 shares of the company's stock, valued at approximately $556,000.

Several other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in VICI Properties during the fourth quarter valued at approximately $419,932,000. Northern Trust Corp boosted its holdings in VICI Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after purchasing an additional 3,298,314 shares in the last quarter. Capital World Investors boosted its stake in 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 buying an additional 2,903,744 shares in the last quarter. Man Group plc boosted its stake in VICI Properties by 65.0% in the 4th quarter. Man Group plc now owns 4,353,981 shares of the company's stock valued at $127,180,000 after buying an additional 1,715,194 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in VICI Properties by 33.7% in the 4th quarter. Hsbc Holdings PLC now owns 5,962,447 shares of the company's stock valued at $174,033,000 after buying an additional 1,501,473 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Down 0.7%

VICI Properties stock traded down $0.21 during trading hours on Wednesday, reaching $31.54. 4,504,090 shares of the company's stock traded hands, compared to its average volume of 5,987,382. The firm's 50 day moving average is $31.65 and its 200-day moving average is $31.05. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The firm has a market capitalization of $33.33 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 3.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. On average, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.49%. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Truist Financial boosted their target price 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. Barclays boosted 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. Robert W. Baird boosted 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. Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Finally, Wells Fargo & Company boosted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Three 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.18.

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.