Rafferty Asset Management LLC Has $4.22 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Rafferty Asset Management LLC trimmed its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,611 shares of the company's stock after selling 11,099 shares during the period. Rafferty Asset Management LLC's holdings in VICI Properties were worth $4,224,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VICI. Capital Research Global Investors raised 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 purchasing an additional 984,421 shares during the period. Geode Capital Management LLC raised its position in 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 buying an additional 1,036,344 shares during the last quarter. Capital World Investors raised its position 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 during the last quarter. Principal Financial Group Inc. lifted its stake in 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 acquired a new position in VICI Properties during the 4th quarter worth approximately $419,932,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 1.6%

VICI stock opened at $32.13 on Monday. 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 $31.73 and its 200 day simple moving average is $31.04. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $33.95 billion, a PE ratio of 12.55, a PEG ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate 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 company's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 earnings per share. As a group, research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.39%. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VICI shares. 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 report on Wednesday, April 23rd. Wells Fargo & Company raised 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. 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 note on Thursday, May 1st. Robert W. Baird boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Barclays raised their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.18.

About VICI Properties

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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