FIL Ltd Boosts Position in VICI Properties Inc. (NYSE:VICI)

FIL Ltd lifted its position in VICI Properties Inc. (NYSE:VICI) by 1,764.8% in the fourth quarter, HoldingsChannel reports. The firm owned 50,330 shares of the company’s stock after buying an additional 47,631 shares during the period. FIL Ltd’s holdings in VICI Properties were worth $1,470,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VICI. Shelton Capital Management increased its holdings in shares of VICI Properties by 10.9% during the 4th quarter. Shelton Capital Management now owns 345,179 shares of the company’s stock worth $10,083,000 after buying an additional 34,000 shares during the last quarter. Invesco Ltd. increased its stake in VICI Properties by 5.4% during the fourth quarter. Invesco Ltd. now owns 13,414,045 shares of the company’s stock worth $391,824,000 after acquiring an additional 692,092 shares during the last quarter. Bank of Montreal Can increased its stake in VICI Properties by 9.2% during the fourth quarter. Bank of Montreal Can now owns 1,090,841 shares of the company’s stock worth $31,863,000 after acquiring an additional 91,897 shares during the last quarter. Polymer Capital Management US LLC purchased a new stake in VICI Properties in the fourth quarter valued at $369,000. Finally, Cerity Partners LLC grew its holdings in shares of VICI Properties by 7.9% during the 4th quarter. Cerity Partners LLC now owns 430,920 shares of the company’s stock worth $12,791,000 after purchasing an additional 31,616 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a report on Thursday, March 27th. Truist Financial lowered 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. Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. 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. Finally, KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.63.

VICI Properties Price Performance

Shares of NYSE VICI opened at $31.07 on Monday. The stock’s 50-day moving average is $31.40 and its two-hundred day moving average is $31.16. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market cap of $32.83 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share 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 firm had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. Analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

VICI Properties Company 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.