The Manufacturers Life Insurance Company reduced its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 909,034 shares of the company's stock after selling 46,507 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of VICI Properties worth $26,553,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Transce3nd LLC acquired a new position in VICI Properties during the fourth quarter worth $28,000. Venturi Wealth Management LLC grew its holdings in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after purchasing an additional 431 shares during the period. Quarry LP increased its position in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after purchasing an additional 897 shares during the last quarter. Kestra Investment Management LLC purchased a new position in VICI Properties during the fourth quarter worth about $33,000. Finally, Whipplewood Advisors LLC acquired a new position in VICI Properties in the 4th quarter valued at about $40,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
VICI Properties Price Performance
Shares of VICI opened at $31.51 on Friday. 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 fifty-two week low of $27.53 and a fifty-two week high of $34.29. The company has a market cap of $33.29 billion, a P/E ratio of 12.31, a PEG ratio of 3.88 and a beta of 0.70. The firm's 50 day moving average price is $31.90 and its 200 day moving average price is $31.14.
VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The business had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.56 earnings per share. On average, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.49%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is presently 67.58%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on VICI. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Robert W. Baird upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Stifel Nicolaus upped their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday. Finally, Mizuho lifted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of "Moderate Buy" and an average price target of $35.07.
View Our Latest Analysis on VICI Properties
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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