AQR Capital Management LLC Purchases 865,682 Shares of VICI Properties Inc. (NYSE:VICI)

AQR Capital Management LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 207.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,283,244 shares of the company's stock after purchasing an additional 865,682 shares during the period. AQR Capital Management LLC owned about 0.12% of VICI Properties worth $37,342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VICI. Capital Research Global Investors grew its position in VICI Properties by 1.8% in the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock worth $1,592,283,000 after buying an additional 984,421 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 worth $860,107,000 after acquiring an additional 1,036,344 shares during the last quarter. Capital World Investors raised 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 worth $827,160,000 after purchasing an additional 2,903,744 shares during the period. Principal Financial Group Inc. raised its position in shares of 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 during the period. Finally, Norges Bank purchased a new stake in shares of VICI Properties during the fourth quarter valued at $419,932,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Up 0.6 %

Shares of VICI traded up $0.20 during midday trading on Monday, reaching $31.89. 5,809,640 shares of the stock were exchanged, compared to its average volume of 6,031,997. The company has a market cap of $33.70 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 3.88 and a beta of 0.74. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The firm has a 50 day simple moving average of $31.88 and a 200-day simple moving average of $31.10.

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

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.42%. VICI Properties's dividend payout ratio is currently 69.20%.

Wall Street Analysts Forecast Growth

VICI has been the topic of several recent analyst reports. Mizuho boosted their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Truist Financial raised their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Robert W. Baird boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Stifel Nicolaus raised their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday. Three equities research 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 company currently has an average rating of "Moderate Buy" and an average price target of $35.07.

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.