Ontario Teachers Pension Plan Board Takes Position in VICI Properties Inc. (NYSE:VICI)

Ontario Teachers Pension Plan Board bought a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,918 shares of the company's stock, valued at approximately $436,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in shares of VICI Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after purchasing an additional 1,036,344 shares during the last quarter. Principal Financial Group Inc. raised its holdings in VICI Properties by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock worth $706,962,000 after purchasing an additional 130,659 shares in the last quarter. Norges Bank purchased a new position in shares of VICI Properties in the 4th quarter valued at $419,932,000. Invesco Ltd. lifted its position in VICI Properties by 5.4% in the fourth quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after acquiring an additional 692,092 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of VICI Properties by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock worth $356,635,000 after purchasing an additional 385,649 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of VICI stock traded up $0.76 on Tuesday, hitting $32.91. 821,159 shares of the stock traded hands, compared to its average volume of 6,025,327. 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 1-year low of $27.53 and a 1-year high of $34.29. The company's fifty day moving average is $31.66 and its 200 day moving average is $31.13. The company has a market capitalization of $34.77 billion, a PE ratio of 12.84, a PEG ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's payout ratio is 67.58%.

Analyst Ratings Changes

A number of research firms have commented on VICI. Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research report on Thursday, March 27th. Mizuho lifted their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. 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 issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $34.63.

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.