Franklin Resources Inc. Acquires 36,238 Shares of VICI Properties Inc. (NYSE:VICI)

Franklin Resources Inc. increased its holdings in VICI Properties Inc. (NYSE:VICI) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,518,674 shares of the company’s stock after purchasing an additional 36,238 shares during the quarter. Franklin Resources Inc.’s holdings in VICI Properties were worth $44,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VICI. Norges Bank bought a new position in shares of VICI Properties in the 4th quarter worth $419,932,000. State Street Corp raised its holdings in VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of VICI Properties by 127.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock valued at $50,099,000 after buying an additional 960,706 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of VICI Properties by 125.9% in the 4th quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company’s stock valued at $48,486,000 after buying an additional 925,041 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of VICI Properties by 185.3% in the 3rd quarter. Janus Henderson Group PLC now owns 972,695 shares of the company’s stock worth $32,397,000 after buying an additional 631,747 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 3.4 %

VICI stock opened at $30.57 on Friday. The company has a market capitalization of $32.30 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The firm’s fifty day simple moving average is $31.36 and its 200-day simple moving average is $31.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI) last posted its quarterly 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). The business had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.66%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Mizuho lifted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday. Stifel Nicolaus upped their target price on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research report on Thursday, March 27th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.63.

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.