Northern Trust Corp Raises Stock Position in VICI Properties Inc. (NYSE:VICI)

Northern Trust Corp raised its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 37.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,136,670 shares of the company's stock after acquiring an additional 3,298,314 shares during the quarter. Northern Trust Corp owned about 1.15% of VICI Properties worth $354,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. D.A. Davidson & CO. lifted its stake in VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock worth $321,000 after purchasing an additional 340 shares in the last quarter. Carret Asset Management LLC raised its position in shares of VICI Properties by 0.5% in the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock worth $2,034,000 after buying an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock valued at $1,206,000 after buying an additional 372 shares during the period. V Square Quantitative Management LLC increased its stake in VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after acquiring an additional 391 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in shares of VICI Properties by 0.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company's stock valued at $2,042,000 after acquiring an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VICI. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Stifel Nicolaus increased their price target 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. JMP Securities reaffirmed 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 increased their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, 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 research note on Monday, March 10th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.07.

VICI Properties Trading Down 0.5 %

VICI traded down $0.17 on Tuesday, hitting $31.73. 862,502 shares of the company were exchanged, compared to its average volume of 6,011,677. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The firm has a fifty day simple moving average of $31.88 and a two-hundred day simple moving average of $31.10. The stock has a market capitalization of $33.52 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. Sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.45%. VICI Properties's payout ratio is presently 69.20%.

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.