Schonfeld Strategic Advisors LLC raised its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 536.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 634,310 shares of the company's stock after purchasing an additional 534,581 shares during the period. Schonfeld Strategic Advisors LLC owned 0.06% of VICI Properties worth $18,528,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in VICI Properties in the 4th quarter valued at about $419,932,000. Northern Trust Corp lifted its stake in shares of VICI Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after buying an additional 3,298,314 shares during the period. Capital World Investors boosted its position in 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 acquiring an additional 2,903,744 shares during the last quarter. Hsbc Holdings PLC grew its stake in VICI Properties by 33.7% in 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 during the period. Finally, Pinebridge Investments L.P. raised its holdings in VICI Properties by 7,692.3% in the 4th quarter. Pinebridge Investments L.P. now owns 1,467,605 shares of the company's stock valued at $42,869,000 after acquiring an additional 1,448,771 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Trading Up 0.4 %
Shares of VICI stock traded up $0.14 during mid-day trading on Friday, reaching $31.65. The company's stock had a trading volume of 6,370,899 shares, compared to its average volume of 6,032,831. 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 firm has a market capitalization of $33.44 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The company's 50 day simple moving average is $31.88 and its 200-day simple moving average is $31.13. 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 released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share. On average, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.47%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is 67.58%.
Analyst Ratings Changes
VICI has been the topic of several analyst reports. Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Truist Financial raised their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Mizuho upped their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. JMP Securities reissued a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Finally, 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 report on Thursday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $35.07.
Check Out Our Latest Stock Analysis on VICI
About VICI Properties
(
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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