Teacher Retirement System of Texas increased its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 1,471.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,049 shares of the company's stock after buying an additional 144,248 shares during the period. Teacher Retirement System of Texas' holdings in VICI Properties were worth $5,025,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transce3nd LLC purchased a new stake in shares of VICI Properties in the 4th quarter worth approximately $28,000. AdvisorNet Financial Inc grew its stake in shares of VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after buying an additional 786 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Quarry LP boosted its stake in VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after purchasing an additional 897 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in VICI Properties during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 97.71% of the company's stock.
VICI Properties Stock Performance
VICI Properties stock traded down $0.20 during trading on Friday, reaching $33.43. The company had a trading volume of 6,933,471 shares, compared to its average volume of 5,950,194. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29. The firm's 50-day simple moving average is $32.11 and its 200 day simple moving average is $31.29. The firm has a market capitalization of $35.33 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 3.78 and a beta of 0.70. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62.
VICI Properties (NYSE:VICI - Get Free Report) last announced 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 company had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. During the same period last year, the firm earned $0.56 EPS. VICI Properties's revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.4325 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.17%. VICI Properties's dividend payout ratio is presently 69.20%.
Analysts Set New Price Targets
Several brokerages have commented on VICI. Morgan Stanley increased their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday. Mizuho raised their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Truist Financial raised their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus raised their price target on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Robert W. Baird raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, VICI Properties has an average rating of "Moderate Buy" and an average price target of $35.38.
Check Out Our Latest Stock Report on VICI Properties
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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