Royal Bank of Canada Has $104.97 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Royal Bank of Canada lifted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,593,766 shares of the company's stock after buying an additional 28,351 shares during the quarter. Royal Bank of Canada owned about 0.34% of VICI Properties worth $104,974,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors increased its stake in VICI Properties by 1.8% in the fourth 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 in the last quarter. Geode Capital Management LLC increased its stake in VICI Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after purchasing an additional 1,036,344 shares in the last quarter. Capital World Investors increased its stake in VICI Properties by 11.4% in the fourth 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 in the last quarter. Principal Financial Group Inc. increased its stake in VICI Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after purchasing an additional 130,659 shares in the last quarter. Finally, Norges Bank bought a new stake in VICI Properties in the fourth quarter valued at $419,932,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.1%

VICI opened at $32.12 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company's 50-day moving average is $31.73 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 $33.94 billion, a P/E 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 results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. During the same period last year, the firm earned $0.56 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis. Research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's payout ratio is currently 69.20%.

Wall Street Analyst Weigh In

VICI has been the subject of several research analyst reports. 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 note on Monday, March 10th. Robert W. Baird lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. 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 note on Tuesday, March 4th. JMP Securities reiterated a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Finally, Mizuho lifted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.

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