Nomura Asset Management Co. Ltd. Grows Position in VICI Properties Inc. (NYSE:VICI)

Nomura Asset Management Co. Ltd. grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,700,937 shares of the company’s stock after purchasing an additional 56,374 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in VICI Properties were worth $49,684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VICI. D.A. Davidson & CO. lifted its stake in shares of VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after purchasing an additional 340 shares during the period. Carret Asset Management LLC lifted its position in shares of VICI Properties by 0.5% during the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock valued at $2,034,000 after acquiring an additional 354 shares during the period. Sheaff Brock Investment Advisors LLC boosted its stake in shares of VICI Properties by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock worth $1,206,000 after acquiring an additional 372 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock valued at $357,000 after purchasing an additional 391 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.3 %

VICI stock opened at $31.99 on Friday. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The stock has a market capitalization of $33.80 billion, a P/E ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94. The company has a 50 day moving average price of $31.13 and a two-hundred day moving average price of $31.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties (NYSE:VICI) 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). 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 during the quarter, compared to analyst estimates of $969.29 million. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.41%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VICI shares. Wells Fargo & Company upped their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. JMP Securities reissued a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Mizuho lowered their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus lifted their price objective on VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $34.23.

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.