Mackenzie Financial Corp Raises Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Mackenzie Financial Corp lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2,437.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,388,619 shares of the company's stock after buying an additional 3,255,078 shares during the period. Mackenzie Financial Corp owned approximately 0.32% of VICI Properties worth $98,982,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VICI. Norges Bank purchased a new stake in shares of VICI Properties during the fourth quarter valued at $419,932,000. Northern Trust Corp boosted its position in shares of VICI Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after buying an additional 3,298,314 shares during the last quarter. Capital World Investors boosted its position in shares of 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 buying an additional 2,903,744 shares during the last quarter. Man Group plc boosted its position in shares of VICI Properties by 65.0% during the fourth quarter. Man Group plc now owns 4,353,981 shares of the company's stock valued at $127,180,000 after buying an additional 1,715,194 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of VICI Properties by 33.7% during the fourth quarter. Hsbc Holdings PLC now owns 5,962,447 shares of the company's stock valued at $174,033,000 after buying an additional 1,501,473 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of recent research reports. Mizuho increased their target price on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Wells Fargo & Company increased their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Barclays increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Truist Financial increased their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $35.18.

VICI Properties Trading Down 0.7%

VICI Properties stock traded down $0.21 during mid-day trading on Wednesday, hitting $31.54. The company's stock had a trading volume of 4,504,090 shares, compared to its average volume of 5,987,382. The company has a 50 day moving average of $31.65 and a 200-day moving average of $31.06. The stock has a market cap of $33.33 billion, a PE ratio of 12.32, a P/E/G ratio of 3.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. VICI Properties's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio 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.