Vanguard Group Inc. Acquires 221,879 Shares of VICI Properties Inc. (NYSE:VICI)

Vanguard Group Inc. lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,972,833 shares of the company’s stock after acquiring an additional 221,879 shares during the quarter. Vanguard Group Inc. owned approximately 0.15% of VICI Properties worth $4,497,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. raised its holdings in VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after purchasing an additional 24,159 shares in the last quarter. Oxbow Advisors LLC bought a new position in VICI Properties in the fourth quarter worth about $3,817,000. CHURCHILL MANAGEMENT Corp lifted its holdings in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after buying an additional 8,834 shares during the period. Rockefeller Capital Management L.P. boosted its position in VICI Properties by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after acquiring an additional 40,733 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd grew its holdings in shares of VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after acquiring an additional 130,000 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI stock opened at $31.98 on Tuesday. The stock’s 50 day simple moving average is $30.90 and its 200 day simple moving average is $31.40. 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 12-month low of $27.08 and a 12-month high of $34.29. The stock has a market capitalization of $33.79 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last announced its quarterly 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 net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. As a group, 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 will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.41%. VICI Properties’s payout ratio is 67.58%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VICI shares. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Stifel Nicolaus boosted their target price on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. Truist Financial reduced their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. 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, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties 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.