Tredje AP fonden Has $2.65 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

Key Points

• Tredje AP fonden reduced its stake in VICI Properties by 43.1% in the first quarter, now holding 81,327 shares worth approximately $2.65 million.
• Institutional investors now own 97.71% of VICI Properties' stock, with several firms significantly increasing their positions during the fourth quarter.
• VICI Properties reported $0.60 EPS for the last quarter, meeting estimates, while also declaring a dividend yield of 5.31% based on an annualized dividend of $1.73 per share.

Tredje AP fonden cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 43.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,327 shares of the company's stock after selling 61,707 shares during the period. Tredje AP fonden's holdings in VICI Properties were worth $2,653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its position in VICI Properties by 40.4% in the fourth quarter. Teacher Retirement System of Texas now owns 9,801 shares of the company's stock worth $286,000 after acquiring an additional 2,819 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in VICI Properties by 7.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 43,368 shares of the company's stock worth $1,267,000 after acquiring an additional 3,164 shares in the last quarter. California Public Employees Retirement System grew its position in VICI Properties by 3.9% in the fourth quarter. California Public Employees Retirement System now owns 2,364,794 shares of the company's stock worth $69,076,000 after acquiring an additional 88,000 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in VICI Properties by 1.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 108,240 shares of the company's stock worth $3,162,000 after acquiring an additional 1,705 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in VICI Properties by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 1,518,674 shares of the company's stock worth $44,360,000 after acquiring an additional 36,238 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on VICI. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research note on Thursday. Truist Financial boosted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Morgan Stanley boosted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Mizuho boosted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $35.40.

VICI Properties Stock Performance

NYSE:VICI traded up $0.50 during trading hours on Friday, hitting $33.10. 8,681,918 shares of the company traded hands, compared to its average volume of 5,688,895. The stock has a market capitalization of $34.98 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 4.22 and a beta of 0.68. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. The firm has a 50-day moving average of $32.57 and a 200 day moving average of $31.73. The company has a current ratio of 1.74, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same period in the prior year, the company earned $0.57 EPS. The business's quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts forecast that VICI Properties Inc. will post 2.31 EPS 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 was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.2%. VICI Properties's dividend payout ratio is currently 66.28%.

About VICI Properties

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.