Citigroup Inc. grew its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 33.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,350,633 shares of the company's stock after buying an additional 336,960 shares during the quarter. Citigroup Inc. owned 0.13% of VICI Properties worth $44,058,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. Swiss National Bank raised its position in shares of VICI Properties by 0.5% during the 1st quarter. Swiss National Bank now owns 2,973,204 shares of the company's stock valued at $96,986,000 after buying an additional 14,900 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in VICI Properties by 13.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,649,306 shares of the company's stock valued at $86,420,000 after purchasing an additional 316,474 shares during the last quarter. Deutsche Bank AG grew its holdings in VICI Properties by 172.4% during the 1st quarter. Deutsche Bank AG now owns 7,395,134 shares of the company's stock valued at $241,229,000 after purchasing an additional 4,680,136 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in VICI Properties by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,345,173 shares of the company's stock valued at $402,700,000 after purchasing an additional 135,836 shares during the last quarter. Finally, Provident Investment Management Inc. grew its holdings in VICI Properties by 1.5% during the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock valued at $776,000 after purchasing an additional 350 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
VICI Properties Stock Down 1.2%
Shares of NYSE VICI traded down $0.40 during midday trading on Thursday, reaching $32.60. 3,468,443 shares of the company's stock traded hands, compared to its average volume of 6,763,340. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29. The stock's 50 day simple moving average is $32.81 and its 200-day simple moving average is $31.93. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a market cap of $34.77 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 3.29 and a beta of 0.68.
VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. VICI Properties's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued 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 5.3%. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. 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 report on Wednesday, April 23rd. JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. 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 research note on Thursday, May 1st. Finally, Citigroup restated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $35.40.
Check Out Our Latest Research Report on VICI
About VICI Properties
(
Free Report)
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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