VICI Properties Inc. (NYSE:VICI) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 8.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,791 shares of the company's stock after purchasing an additional 9,071 shares during the quarter. TD Private Client Wealth LLC's holdings in VICI Properties were worth $3,712,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional 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 grew its position in shares of VICI Properties by 37.3% in the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after acquiring an additional 3,298,314 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of VICI Properties by 2,437.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after acquiring an additional 3,255,078 shares during the last quarter. Capital World Investors raised its position 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 acquiring an additional 2,903,744 shares in the last quarter. Finally, Miller Howard Investments Inc. NY bought a new position in VICI Properties during the first quarter worth $65,750,000. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $32.86 on Tuesday. The stock has a market capitalization of $34.72 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 3.84 and a beta of 0.70. The firm has a fifty day simple moving average of $32.03 and a 200-day simple moving average of $31.23. 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 Inc. has a 1-year low of $27.54 and a 1-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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. The company had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The business's 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, sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a $0.4325 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.26%. VICI Properties's dividend payout ratio (DPR) is currently 69.20%.

Analyst Ratings Changes

Several analysts have weighed in on VICI shares. Truist Financial boosted their target price 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. Mizuho lifted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Robert W. Baird upped 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. Wells Fargo & Company increased their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Finally, Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $35.42.

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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