IFM Investors Pty Ltd Has $16.55 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

IFM Investors Pty Ltd increased its holdings in VICI Properties Inc. (NYSE:VICI) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 496,939 shares of the company’s stock after acquiring an additional 2,752 shares during the period. IFM Investors Pty Ltd’s holdings in VICI Properties were worth $16,553,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Carret Asset Management LLC lifted its holdings in shares of VICI Properties by 0.5% during the fourth 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. Moran Wealth Management LLC grew its holdings in shares of VICI Properties by 0.9% in the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company’s stock worth $1,324,000 after purchasing an additional 360 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of VICI Properties by 3.1% during the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company’s stock worth $369,000 after purchasing an additional 378 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in VICI Properties by 3.9% during the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company’s stock valued at $347,000 after purchasing an additional 403 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in VICI Properties by 0.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company’s stock valued at $2,042,000 after buying an additional 408 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Stifel Nicolaus raised their price target on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. Robert W. Baird lifted their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Finally, Mizuho raised their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.42.

VICI Properties Trading Up 0.1%

Shares of NYSE VICI opened at $33.33 on Friday. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The stock has a market cap of $35.22 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 3.83 and a beta of 0.70. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average is $32.00 and its 200-day moving average is $31.14.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The business had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same quarter last year, the business posted $0.56 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.19%. VICI Properties’s dividend payout ratio is presently 69.20%.

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.