Price T Rowe Associates Inc. MD Grows Stake in VICI Properties Inc. (NYSE:VICI)

Price T Rowe Associates Inc. MD boosted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,588,843 shares of the company's stock after buying an additional 149,292 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.53% of VICI Properties worth $163,251,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its position in shares of VICI Properties by 1.8% during the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock worth $1,592,283,000 after purchasing an additional 984,421 shares during the last quarter. Geode Capital Management LLC raised its holdings in VICI Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock worth $860,107,000 after purchasing an additional 1,036,344 shares in the last quarter. Capital World Investors lifted its position in VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after acquiring an additional 2,903,744 shares during the last quarter. Principal Financial Group Inc. boosted its stake in VICI Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after acquiring an additional 130,659 shares in the last quarter. Finally, Norges Bank purchased a new position in VICI Properties in the fourth quarter worth $419,932,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of NYSE VICI traded up $0.03 during midday trading on Friday, reaching $31.54. 1,942,093 shares of the stock were exchanged, compared to its average volume of 7,482,120. 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 firm has a market cap of $33.32 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 3.88 and a beta of 0.70. The firm has a 50-day simple moving average of $31.90 and a two-hundred day simple moving average of $31.14. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share 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%. The company had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. During the same quarter in the previous year, the company earned $0.56 earnings per share. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's payout ratio is currently 67.58%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VICI shares. Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Robert W. Baird boosted 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. JMP Securities restated a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Truist Financial boosted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Barclays lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $35.07.

About VICI Properties

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.