Man Group plc increased its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 65.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,353,981 shares of the company's stock after purchasing an additional 1,715,194 shares during the quarter. Man Group plc owned approximately 0.41% of VICI Properties worth $127,180,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Atria Wealth Solutions Inc. raised its stake in shares of VICI Properties by 145.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock valued at $1,189,000 after acquiring an additional 24,159 shares in the last quarter. Oxbow Advisors LLC purchased a new position in shares of VICI Properties during the fourth quarter valued at $3,817,000. CHURCHILL MANAGEMENT Corp increased its stake in shares of VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock valued at $9,103,000 after buying an additional 8,834 shares during the period. Border to Coast Pensions Partnership Ltd increased its stake in shares of VICI Properties by 40.0% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock valued at $13,282,000 after buying an additional 130,000 shares during the period. Finally, Brookstone Capital Management purchased a new position in shares of VICI Properties during the fourth quarter valued at $359,000. 97.71% of the stock is owned by institutional investors.
VICI Properties Price Performance
Shares of VICI traded up $0.07 during trading hours on Monday, hitting $32.17. 1,405,300 shares of the stock were exchanged, compared to its average volume of 5,983,694. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock's 50-day moving average price is $31.73 and its two-hundred day moving average price is $31.04. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The company has a market cap of $33.99 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.
VICI Properties (NYSE:VICI - Get Free Report) last announced its 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. The company had revenue of $984.20 million for 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%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 earnings per share. Research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.38%. VICI Properties's dividend payout ratio (DPR) is 69.20%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. JMP Securities reissued a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial raised 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. Wells Fargo & Company upped their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. 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 research report on Thursday, May 1st. Finally, Stifel Nicolaus upped their target price on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Three research 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $35.18.
Read Our Latest Analysis on VICI
About VICI Properties
(
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.
See Also
Before you consider VICI Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VICI Properties wasn't on the list.
While VICI Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
