Gabelli Funds LLC Increases Position in VICI Properties Inc. (NYSE:VICI)

Gabelli Funds LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,305 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Gabelli Funds LLC’s holdings in VICI Properties were worth $4,683,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VICI. Norges Bank purchased a new position in shares of VICI Properties during the 4th quarter valued at approximately $419,932,000. Geode Capital Management LLC raised its position in VICI Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock worth $860,107,000 after acquiring an additional 1,036,344 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in 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 purchasing an additional 960,706 shares in the last quarter. Prudential Financial Inc. grew its position in shares of VICI Properties by 125.9% in the fourth quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company’s stock valued at $48,486,000 after purchasing an additional 925,041 shares during the period. Finally, Centersquare Investment Management LLC increased its stake in shares of VICI Properties by 11.0% during the fourth quarter. Centersquare Investment Management LLC now owns 8,119,987 shares of the company’s stock worth $237,185,000 after purchasing an additional 804,291 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VICI. Truist Financial decreased their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Barclays raised their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.63.

VICI Properties Trading Up 1.6 %

Shares of VICI opened at $32.56 on Friday. VICI Properties Inc. has a 12-month low of $27.15 and a 12-month high of $34.29. The firm has a market capitalization of $34.40 billion, a P/E ratio of 12.72, a P/E/G ratio of 3.88 and a beta of 0.70. The firm has a 50-day moving average price of $31.56 and a 200 day moving average price of $31.15. 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 (NYSE:VICI) last posted its quarterly 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). The firm 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%. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. VICI Properties’s dividend payout ratio is currently 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.