Voya Investment Management LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 22.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 430,147 shares of the company's stock after purchasing an additional 79,568 shares during the quarter. Voya Investment Management LLC's holdings in VICI Properties were worth $12,565,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. World Investment Advisors LLC bought a new stake in VICI Properties in the third quarter valued at $441,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of VICI Properties in the 3rd quarter worth about $125,000. Tidal Investments LLC lifted its position in VICI Properties by 11.9% in the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company's stock valued at $1,755,000 after purchasing an additional 5,620 shares during the last quarter. Synovus Financial Corp lifted its position in VICI Properties by 53.6% in the 3rd quarter. Synovus Financial Corp now owns 22,198 shares of the company's stock valued at $739,000 after purchasing an additional 7,742 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in VICI Properties by 18.4% during the 4th quarter. GAMMA Investing LLC now owns 13,984 shares of the company's stock valued at $408,000 after purchasing an additional 2,172 shares during the period. Institutional investors own 97.71% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on VICI. Wells Fargo & Company lifted their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Stifel Nicolaus lifted their target price on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and an average target price of $34.93.
View Our Latest Report on VICI Properties
VICI Properties Price Performance
Shares of NYSE VICI opened at $32.23 on Tuesday. The firm has a 50-day moving average of $31.87 and a two-hundred day moving average of $31.14. The company has a market capitalization of $34.06 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 3.88 and a beta of 0.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. 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 earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, analysts expect that VICI Properties Inc. will post 2.31 earnings per share 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 issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is 67.58%.
VICI Properties 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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