Assetmark Inc. Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

Key Points

• Assetmark Inc. increased its stake in VICI Properties Inc. by 2.3% during the first quarter, holding over 2 million shares valued at approximately $67 million.
• Analysts have raised their price targets for VICI Properties, with Truist Financial increasing its target from $35 to $38, while the consensus rating remains a "Moderate Buy" with an average target price of $35.38.
• VICI Properties recently announced a quarterly dividend of $0.4325, translating to a 5.18% dividend yield and a payout ratio of 69.20%.

Assetmark Inc. raised its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,063,067 shares of the company's stock after acquiring an additional 46,372 shares during the quarter. Assetmark Inc. owned approximately 0.20% of VICI Properties worth $67,297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICI. Capital Research Global Investors lifted its stake in shares of VICI Properties by 1.8% during the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after buying an additional 984,421 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after buying an additional 1,036,344 shares in the last quarter. Capital World Investors lifted its stake in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after buying an additional 2,903,744 shares in the last quarter. Norges Bank purchased a new stake in shares of VICI Properties during the 4th quarter valued at approximately $419,932,000. Finally, Invesco Ltd. lifted its stake in shares of VICI Properties by 5.4% during the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after buying an additional 692,092 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Morgan Stanley upped their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Mizuho upped their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Stifel Nicolaus upped 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. Finally, Robert W. Baird upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.38.

VICI Properties Price Performance

Shares of NYSE:VICI traded down $0.04 during trading on Friday, reaching $33.37. The company had a trading volume of 5,275,681 shares, compared to its average volume of 5,543,732. The company has a fifty day moving average of $32.43 and a two-hundred day moving average of $31.56. The stock has a market capitalization of $35.27 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 4.29 and a beta of 0.70. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29. 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 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 net margin of 67.81% and a return on equity of 9.88%. The company had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. During the same quarter in the prior year, the company earned $0.56 EPS. The firm's revenue was up 3.4% on a year-over-year basis. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.18%. VICI Properties's dividend payout ratio (DPR) is 69.20%.

VICI Properties Company 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.