13,536 Shares in VICI Properties Inc. (NYSE:VICI) Purchased by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. purchased a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 13,536 shares of the company's stock, valued at approximately $395,000.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in VICI Properties in the 4th quarter worth $419,932,000. Northern Trust Corp raised its stake in shares of VICI Properties by 37.3% in the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after purchasing an additional 3,298,314 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of VICI Properties by 2,437.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after purchasing an additional 3,255,078 shares in the last quarter. Capital World Investors raised its stake in shares of VICI Properties by 11.4% in the 4th 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. Finally, Man Group plc raised its stake in shares of VICI Properties by 65.0% in the 4th quarter. Man Group plc now owns 4,353,981 shares of the company's stock valued at $127,180,000 after purchasing an additional 1,715,194 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on VICI. Truist Financial upped their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus raised their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Mizuho upped their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Barclays upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird upped their price target 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. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.18.

VICI Properties Price Performance

VICI Properties stock traded up $0.12 during trading hours on Thursday, reaching $31.65. 4,336,045 shares of the stock were exchanged, compared to its average volume of 5,980,971. The company has a market cap of $33.45 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a current ratio of 2.61, a quick 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 stock has a 50 day moving average of $31.65 and a two-hundred day moving average of $31.06.

VICI Properties (NYSE:VICI - Get Free Report) last issued 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. The business had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.56 EPS. Equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is 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.