VICI Properties Inc. (NYSE:VICI) Holdings Increased by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC raised its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,047,469 shares of the company's stock after buying an additional 98,452 shares during the period. VICI Properties comprises 3.8% of Lasalle Investment Management Securities LLC's holdings, making the stock its 9th biggest holding. Lasalle Investment Management Securities LLC owned about 0.29% of VICI Properties worth $89,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in VICI Properties during the 4th quarter worth about $419,932,000. Capital World Investors boosted its stake 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. Geode Capital Management LLC boosted its stake in shares of VICI Properties by 3.6% during the fourth 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 in the last quarter. Capital Research Global Investors increased its holdings in VICI Properties by 1.8% during the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after buying an additional 984,421 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in VICI Properties by 127.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock worth $50,099,000 after buying an additional 960,706 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on VICI. Barclays boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. JMP Securities reiterated a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Wells Fargo & Company raised their target price 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, 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 report on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $34.93.

VICI Properties Stock Performance

Shares of VICI traded down $0.23 during trading hours on Thursday, reaching $32.49. 2,302,194 shares of the company traded hands, compared to its average volume of 7,485,758. The stock has a market capitalization of $34.33 billion, a P/E ratio of 12.69, a P/E/G ratio of 3.88 and a beta of 0.70. 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 business has a fifty day moving average price of $31.76 and a 200-day moving average price of $31.15. 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 announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. Equities analysts anticipate 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. Stockholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is currently 67.58%.

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.