Redwood Investment Management LLC bought a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,052 shares of the company's stock, valued at approximately $1,696,000.
Several other hedge funds also recently modified their holdings of VICI. Norges Bank bought a new position in VICI Properties during the 4th quarter valued at $419,932,000. Northern Trust Corp raised its holdings in shares of VICI Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after purchasing an additional 3,298,314 shares during the last quarter. Capital World Investors lifted its position in shares of 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 purchasing an additional 2,903,744 shares in the last quarter. Man Group plc lifted its position in shares of VICI Properties by 65.0% during the fourth quarter. Man Group plc now owns 4,353,981 shares of the company's stock valued at $127,180,000 after purchasing an additional 1,715,194 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in VICI Properties by 33.7% during the fourth quarter. Hsbc Holdings PLC now owns 5,962,447 shares of the company's stock worth $174,033,000 after purchasing an additional 1,501,473 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.
VICI Properties Price Performance
Shares of NYSE VICI traded up $0.02 during midday trading on Monday, hitting $32.12. 4,508,756 shares of the company's stock were exchanged, compared to its average volume of 5,995,715. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business's fifty day moving average price is $31.73 and its two-hundred day moving average price is $31.05. The company has a market cap of $33.94 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29.
VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business'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 EPS. As a group, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given 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 presently 69.20%.
Wall Street Analyst Weigh In
VICI has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Wells Fargo & Company lifted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Mizuho upped their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Finally, Truist Financial raised their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $35.18.
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VICI Properties Company Profile
(
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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