DnB Asset Management AS Grows Holdings in VICI Properties Inc. (NYSE:VICI)

DnB Asset Management AS increased its stake in VICI Properties Inc. (NYSE:VICI) by 11.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 202,645 shares of the company’s stock after acquiring an additional 21,365 shares during the quarter. DnB Asset Management AS’s holdings in VICI Properties were worth $5,919,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its position in shares of VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new position in VICI Properties during the fourth quarter worth $33,000. Whipplewood Advisors LLC acquired a new position in VICI Properties in the fourth quarter worth $40,000. Continuum Advisory LLC increased its stake in VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its position in shares of VICI Properties by 31.3% in the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after buying an additional 494 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VICI. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Finally, Stifel Nicolaus upped their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.23.

VICI Properties Trading Up 0.3 %

Shares of NYSE:VICI opened at $31.99 on Monday. The company has a 50 day moving average of $31.13 and a 200-day moving average of $31.35. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market cap of $33.80 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI) last issued 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 firm had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm 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. This represents a $1.73 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is 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.