Lecap Asset Management Ltd. trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 53.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,024 shares of the company's stock after selling 53,584 shares during the quarter. Lecap Asset Management Ltd.'s holdings in VICI Properties were worth $1,534,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in VICI. Norges Bank bought a new stake in shares of VICI Properties in the 4th quarter worth approximately $419,932,000. Northern Trust Corp boosted its holdings in VICI Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after acquiring an additional 3,298,314 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in VICI Properties by 2,437.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after acquiring an additional 3,255,078 shares in the last quarter. Capital World Investors increased its position in VICI Properties by 11.4% during 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. Finally, Man Group plc raised its holdings in VICI Properties by 65.0% in the 4th quarter. Man Group plc now owns 4,353,981 shares of the company's stock worth $127,180,000 after purchasing an additional 1,715,194 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
VICI Properties Stock Up 0.9%
Shares of NYSE VICI traded up $0.28 during midday trading on Friday, hitting $32.47. The stock had a trading volume of 946,062 shares, compared to its average volume of 5,929,223. The business's 50 day moving average is $31.96 and its 200-day moving average is $31.08. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. The company has a market cap of $34.31 billion, a P/E ratio of 12.97, a PEG ratio of 2.99 and a beta of 0.70.
VICI Properties (NYSE:VICI - Get Free Report) 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. The business had revenue of $984.20 million for 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 firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. As a group, analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.33%. VICI Properties's payout ratio is 69.20%.
Analysts Set New Price Targets
VICI has been the topic of a number of research analyst reports. Robert W. Baird upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Truist Financial increased their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Barclays upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Two 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, VICI Properties has an average rating of "Moderate Buy" and an average price target of $35.42.
Get Our Latest Research Report on VICI
About VICI Properties
(
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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