127,105 Shares in VICI Properties Inc. (NYSE:VICI) Acquired by Mubadala Investment Co PJSC

Mubadala Investment Co PJSC bought a new position in VICI Properties Inc. (NYSE:VICI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 127,105 shares of the company's stock, valued at approximately $3,713,000. VICI Properties comprises about 0.0% of Mubadala Investment Co PJSC's investment portfolio, making the stock its 26th largest holding.

Other hedge funds also recently bought and sold shares of the company. Atria Wealth Solutions Inc. increased its position in VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock worth $1,189,000 after purchasing an additional 24,159 shares during the last quarter. Oxbow Advisors LLC acquired a new position in VICI Properties in the 4th quarter worth about $3,817,000. CHURCHILL MANAGEMENT Corp boosted its stake in shares of VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock worth $9,103,000 after acquiring an additional 8,834 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its stake in shares of VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock worth $13,282,000 after acquiring an additional 130,000 shares in the last quarter. Finally, Brookstone Capital Management bought a new stake in shares of VICI Properties during the 4th quarter worth about $359,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

NYSE:VICI traded up $0.50 during mid-day trading on Friday, hitting $32.13. 5,673,880 shares of the company's stock traded hands, compared to its average volume of 6,006,615. The firm has a 50 day moving average of $31.73 and a two-hundred day moving average of $31.06. 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 price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.39%. VICI Properties's dividend payout ratio (DPR) is 69.20%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VICI shares. Robert W. Baird upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Mizuho upped their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. JMP Securities reiterated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial upped their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.07.

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.