Pinebridge Investments L.P. Has $42.87 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Pinebridge Investments L.P. lifted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 7,692.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,467,605 shares of the company's stock after acquiring an additional 1,448,771 shares during the period. Pinebridge Investments L.P. owned approximately 0.14% of VICI Properties worth $42,869,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VICI. Norges Bank bought a new stake in VICI Properties during the 4th quarter worth approximately $419,932,000. Capital World Investors grew its stake in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after acquiring an additional 2,903,744 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of VICI Properties by 33.7% during the 4th quarter. Hsbc Holdings PLC now owns 5,962,447 shares of the company's stock worth $174,033,000 after acquiring an additional 1,501,473 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of VICI Properties by 3.6% during 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 in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of VICI Properties by 1.8% during the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock worth $1,592,283,000 after acquiring an additional 984,421 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VICI has been the subject of several research reports. Stifel Nicolaus raised their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research note on Thursday, March 27th. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Finally, Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.93.

VICI Properties Stock Performance

VICI Properties stock traded down $0.23 during trading hours on Friday, hitting $32.23. The company had a trading volume of 5,568,934 shares, compared to its average volume of 6,022,084. The firm has a 50-day moving average of $31.84 and a 200 day moving average of $31.14. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29. The firm has a market cap of $34.06 billion, a PE ratio of 12.59, a PEG ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. On average, sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. VICI Properties's payout ratio is presently 67.58%.

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.