Toronto Dominion Bank Grows Holdings in VICI Properties Inc. (NYSE:VICI)

Toronto Dominion Bank raised its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 562,820 shares of the company's stock after buying an additional 39,143 shares during the period. Toronto Dominion Bank owned 0.05% of VICI Properties worth $16,440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Systematic Financial Management LP grew its holdings in shares of VICI Properties by 55.3% in the fourth quarter. Systematic Financial Management LP now owns 21,135 shares of the company's stock valued at $617,000 after acquiring an additional 7,530 shares in the last quarter. Royal Bank of Canada lifted its holdings in VICI Properties by 0.8% during the fourth quarter. Royal Bank of Canada now owns 3,593,766 shares of the company's stock worth $104,974,000 after acquiring an additional 28,351 shares during the period. Raiffeisen Bank International AG purchased a new position in VICI Properties in the fourth quarter worth $191,000. Redwood Investment Management LLC bought a new position in VICI Properties in the 4th quarter valued at $1,696,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of VICI Properties during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VICI. Mizuho lifted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Barclays lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Robert W. Baird increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Truist Financial raised their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their price objective on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.18.

VICI Properties Stock Up 0.1%

VICI opened at $32.12 on Tuesday. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The company has a 50 day moving average of $31.73 and a 200 day moving average of $31.05. 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 company has a market cap of $33.94 billion, a PE ratio of 12.55, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. During the same period in the previous year, the company posted $0.56 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.4325 dividend. 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 69.20%.

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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