Gotham Asset Management LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 64.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,130 shares of the company's stock after purchasing an additional 45,472 shares during the period. Gotham Asset Management LLC's holdings in VICI Properties were worth $3,392,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. Czech National Bank raised its holdings in VICI Properties by 7.1% during the fourth quarter. Czech National Bank now owns 228,566 shares of the company's stock worth $6,676,000 after acquiring an additional 15,246 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of VICI Properties in the 4th quarter valued at approximately $359,000. Miracle Mile Advisors LLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at $263,000. Park Avenue Securities LLC lifted its holdings in shares of VICI Properties by 14.4% in the fourth quarter. Park Avenue Securities LLC now owns 23,298 shares of the company's stock worth $681,000 after acquiring an additional 2,924 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp lifted its stake in shares of VICI Properties by 2.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock valued at $9,103,000 after acquiring an additional 8,834 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.
VICI Properties Trading Up 1.6%
NYSE VICI traded up $0.50 during trading hours on Friday, hitting $32.13. 5,673,880 shares of the company's stock were exchanged, compared to its average volume of 6,001,689. The business's 50 day moving average is $31.73 and its 200-day moving average is $31.05. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The firm has a market capitalization of $33.95 billion, a P/E ratio of 12.55, a price-to-earnings-growth 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 (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. The firm had revenue of $984.20 million during the quarter, compared to analyst estimates 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 last year, the firm earned $0.56 EPS. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.39%. VICI Properties's dividend payout ratio is 69.20%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on VICI shares. 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 note on Thursday, May 1st. Wells Fargo & Company boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Truist Financial increased their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Barclays raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Finally, JMP Securities reissued a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of "Moderate Buy" and an average target price of $35.18.
Check Out Our Latest Analysis on VICI Properties
VICI Properties Company Profile
(
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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