VICI Properties Inc. (NYSE:VICI) Holdings Reduced by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd reduced its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 425,000 shares of the company's stock after selling 30,000 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in VICI Properties were worth $13,864,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. DigitalBridge Group Inc. acquired a new stake in shares of VICI Properties in the 4th quarter worth approximately $4,282,000. Atria Investments Inc lifted its position in VICI Properties by 86.6% in the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company's stock worth $1,441,000 after purchasing an additional 22,897 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in VICI Properties by 20.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company's stock valued at $30,916,000 after purchasing an additional 180,961 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of VICI Properties during the 4th quarter valued at $2,773,000. Finally, Capital Investment Advisors LLC raised its stake in shares of VICI Properties by 6.3% in the 1st quarter. Capital Investment Advisors LLC now owns 360,465 shares of the company's stock worth $11,758,000 after buying an additional 21,398 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VICI shares. Truist Financial raised their price objective 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. Barclays lifted their price target 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 price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Stifel Nicolaus lifted their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, VICI Properties currently has an average rating of "Moderate Buy" and an average target price of $35.42.

VICI Properties Price Performance

Shares of VICI opened at $32.25 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a market cap of $34.07 billion, a PE ratio of 12.90, a PEG ratio of 2.99 and a beta of 0.70. The firm's 50 day moving average price is $31.96 and its 200 day moving average price is $31.08. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. VICI Properties's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. As a group, research 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 will be paid on Thursday, July 10th. Stockholders 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 5.37%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 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.

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