Sophron Capital Management L.P. Invests $13.61 Million in VICI Properties Inc. (NYSE:VICI)

Sophron Capital Management L.P. acquired a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 465,982 shares of the company's stock, valued at approximately $13,611,000. VICI Properties comprises approximately 5.4% of Sophron Capital Management L.P.'s holdings, making the stock its 4th biggest position.

Several other large investors have also bought and sold shares of VICI. Capital Research Global Investors increased its holdings in shares of VICI Properties by 1.8% during the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock worth $1,592,283,000 after buying an additional 984,421 shares in the last quarter. Geode Capital Management LLC grew its position in VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock worth $860,107,000 after acquiring an additional 1,036,344 shares during the last quarter. Capital World Investors increased its holdings in VICI Properties by 11.4% in the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after purchasing an additional 2,903,744 shares in the last quarter. Principal Financial Group Inc. raised its position 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 during the last quarter. Finally, Norges Bank acquired a new stake in shares of VICI Properties during the fourth quarter valued at about $419,932,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Mizuho upped their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Robert W. Baird lifted their price target on shares of 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 boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Finally, Barclays increased 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.18.

VICI Properties Price Performance

Shares of NYSE VICI opened at $32.13 on Monday. The company has a market capitalization of $33.95 billion, a PE ratio of 12.55, a P/E/G ratio of 3.88 and a beta of 0.74. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The firm has a fifty day simple moving average of $31.73 and a 200 day simple moving average of $31.04.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same period last year, the company posted $0.56 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts forecast 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. Stockholders of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.39%. VICI Properties's dividend payout ratio is currently 69.20%.

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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