Sumitomo Mitsui Trust Group Inc. lessened its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,971,725 shares of the company's stock after selling 185,587 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.47% of VICI Properties worth $162,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in VICI Properties during the 4th quarter worth $419,932,000. Northern Trust Corp grew its stake in VICI Properties by 37.3% during the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after buying an additional 3,298,314 shares during the last quarter. Mackenzie Financial Corp grew its stake in VICI Properties by 2,437.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after buying an additional 3,255,078 shares during the last quarter. Capital World Investors grew its stake in VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after buying an additional 2,903,744 shares during the last quarter. Finally, Man Group plc grew its stake in VICI Properties by 65.0% during the 4th quarter. Man Group plc now owns 4,353,981 shares of the company's stock worth $127,180,000 after buying an additional 1,715,194 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Truist Financial boosted their target price on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Robert W. Baird boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Mizuho boosted their price target on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Stifel Nicolaus boosted their price target on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Barclays boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.42.
Read Our Latest Stock Analysis on VICI
VICI Properties Stock Up 0.4%
Shares of VICI opened at $32.31 on Friday. 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 capitalization of $34.15 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 2.99 and a beta of 0.70. The stock's 50-day moving average price is $31.96 and its 200-day moving average price is $31.09.
VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The firm 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. The company's revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Dividend Announcement
The firm also recently declared 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 is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.35%. VICI Properties's payout ratio is 69.20%.
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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