Nuveen Asset Management LLC lowered its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,759,988 shares of the company's stock after selling 998,024 shares during the period. Nuveen Asset Management LLC owned approximately 1.12% of VICI Properties worth $343,509,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp increased its stake in shares of VICI Properties by 20.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 43,345 shares of the company's stock valued at $1,266,000 after acquiring an additional 7,345 shares during the period. Mubadala Investment Co PJSC bought a new position in VICI Properties during the 4th quarter valued at $3,713,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of VICI Properties by 29.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 170,611 shares of the company's stock valued at $4,976,000 after purchasing an additional 38,763 shares during the period. Lazard Asset Management LLC raised its stake in shares of VICI Properties by 1,219.6% in the 4th quarter. Lazard Asset Management LLC now owns 198,849 shares of the company's stock worth $5,808,000 after buying an additional 183,780 shares in the last quarter. Finally, Gates Capital Management Inc. raised its stake in shares of VICI Properties by 13.1% in the 4th quarter. Gates Capital Management Inc. now owns 3,021,760 shares of the company's stock worth $88,266,000 after buying an additional 350,000 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.
VICI Properties Trading Up 1.6%
Shares of VICI Properties stock traded up $0.50 during trading on Friday, hitting $32.13. The stock had a trading volume of 5,673,880 shares, compared to its average volume of 6,001,689. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The stock has a 50 day simple moving average of $31.73 and a 200 day simple moving average of $31.05. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $33.95 billion, a PE ratio of 12.55, a P/E/G ratio of 3.88 and a beta of 0.74.
VICI Properties (NYSE:VICI - Get Free Report) last released 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. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. The company's revenue for the quarter was up 3.4% on a year-over-year basis. On average, research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio is currently 69.20%.
Wall Street Analyst Weigh In
VICI has been the subject of several research reports. Robert W. Baird raised their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. JMP Securities restated a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Barclays increased 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, Mizuho lifted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $35.18.
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VICI Properties Profile
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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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