Mirae Asset Global Investments Co. Ltd. boosted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 23.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,670 shares of the company's stock after acquiring an additional 32,457 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in VICI Properties were worth $5,559,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its holdings in VICI Properties by 6.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 60,419 shares of the company's stock valued at $1,765,000 after purchasing an additional 3,837 shares during the period. Proficio Capital Partners LLC acquired a new stake in VICI Properties during the 4th quarter valued at approximately $1,389,000. Norden Group LLC raised its holdings in VICI Properties by 9.1% during the 4th quarter. Norden Group LLC now owns 15,514 shares of the company's stock worth $453,000 after purchasing an additional 1,299 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in VICI Properties by 85.4% during the 4th quarter. Jones Financial Companies Lllp now owns 6,781 shares of the company's stock worth $198,000 after purchasing an additional 3,123 shares during the last quarter. Finally, Plato Investment Management Ltd boosted its stake in shares of VICI Properties by 17.8% in the 4th quarter. Plato Investment Management Ltd now owns 35,066 shares of the company's stock valued at $1,028,000 after purchasing an additional 5,306 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.
Analyst Ratings Changes
VICI has been the subject of a number of analyst reports. Robert W. Baird lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Stifel Nicolaus raised their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Truist Financial lifted their target price on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Mizuho raised their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company boosted their target price 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $35.42.
Read Our Latest Analysis on VICI Properties
VICI Properties Stock Performance
NYSE VICI traded up $0.11 during trading hours on Thursday, reaching $33.42. 747,741 shares of the company were exchanged, compared to its average volume of 5,916,591. 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 stock has a market capitalization of $35.31 billion, a P/E ratio of 13.36, a P/E/G ratio of 3.06 and a beta of 0.70. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The business's 50 day simple moving average is $31.98 and its 200-day simple moving average is $31.13.
VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The business had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. VICI Properties's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.18%. VICI Properties's dividend payout ratio is currently 69.20%.
VICI Properties Profile
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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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