Mackenzie Financial Corp Boosts Position in VICI Properties Inc. (NYSE:VICI)

Mackenzie Financial Corp lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2,437.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,388,619 shares of the company's stock after buying an additional 3,255,078 shares during the quarter. Mackenzie Financial Corp owned about 0.32% of VICI Properties worth $98,982,000 as of its most recent filing with the Securities & Exchange Commission.

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

VICI Properties Stock Performance

VICI traded down $0.08 during trading hours on Friday, hitting $31.60. The stock had a trading volume of 1,403,312 shares, compared to its average volume of 5,963,024. The company's fifty day simple moving average is $31.64 and its 200 day simple moving average is $31.06. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The stock has a market cap of $33.39 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

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 for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same quarter last year, the firm posted $0.56 EPS. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. Equities 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 announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's payout ratio is presently 69.20%.

Wall Street Analyst Weigh In

VICI has been the topic of several recent analyst reports. Stifel Nicolaus raised their price objective on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Mizuho lifted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Finally, Robert W. Baird lifted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.18.

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.