Vanderbilt University Boosts Holdings in VICI Properties Inc. (NYSE:VICI)

Vanderbilt University raised its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 18.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,719 shares of the company's stock after purchasing an additional 17,936 shares during the period. VICI Properties accounts for 0.7% of Vanderbilt University's holdings, making the stock its 29th biggest position. Vanderbilt University's holdings in VICI Properties were worth $3,677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital Research Global Investors lifted its holdings in VICI Properties by 1.8% during the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after purchasing an additional 984,421 shares in the last quarter. Geode Capital Management LLC lifted its holdings in VICI Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after purchasing an additional 1,036,344 shares in the last quarter. Capital World Investors lifted its holdings in VICI Properties by 11.4% during the fourth 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. Norges Bank purchased a new position in VICI Properties during the fourth quarter valued at $419,932,000. Finally, Invesco Ltd. lifted its holdings in VICI Properties by 5.4% during the fourth quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after purchasing an additional 692,092 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VICI has been the subject of a number of recent research reports. Truist Financial increased their target price 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. Wells Fargo & Company increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. 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. Barclays increased their target price 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, Mizuho increased their target price 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.18.

VICI Properties Price Performance

VICI Properties stock opened at $32.33 on Friday. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The stock has a market cap of $34.16 billion, a P/E ratio of 12.93, a PEG ratio of 3.00 and a beta of 0.70. The company has a 50-day moving average price of $31.90 and a 200 day moving average price of $31.05. 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 released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The firm had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. During the same period last year, the business earned $0.56 earnings per share. VICI Properties's revenue was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's dividend payout ratio is presently 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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