Johnson Financial Group Inc. Grows Stock Position in VICI Properties Inc. (NYSE:VICI)

Johnson Financial Group Inc. raised its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 57.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,122 shares of the company's stock after purchasing an additional 22,294 shares during the quarter. Johnson Financial Group Inc.'s holdings in VICI Properties were worth $1,820,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Transce3nd LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at about $28,000. Venturi Wealth Management LLC grew its stake in shares of VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in shares of VICI Properties during the 4th quarter valued at approximately $33,000. Whipplewood Advisors LLC bought a new position in shares of VICI Properties during the 4th quarter valued at approximately $40,000. Finally, Cromwell Holdings LLC grew its stake in shares of VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock valued at $61,000 after acquiring an additional 494 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Truist Financial boosted their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Barclays boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.93.

VICI Properties Stock Performance

VICI Properties stock traded down $0.34 during mid-day trading on Wednesday, reaching $31.92. 13,340,750 shares of the company traded hands, compared to its average volume of 6,051,377. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The company has a market capitalization of $33.73 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The firm's fifty day moving average is $31.91 and its two-hundred day moving average is $31.15.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. During the same quarter last year, the business posted $0.56 EPS. VICI Properties's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid 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 5.42%. VICI Properties's payout ratio is currently 67.58%.

VICI Properties Company 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.