MetLife Investment Management LLC Increases Holdings in VICI Properties Inc. (NYSE:VICI)

MetLife Investment Management LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,762 shares of the company’s stock after buying an additional 5,775 shares during the quarter. MetLife Investment Management LLC’s holdings in VICI Properties were worth $9,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC grew its holdings in shares of VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new position in VICI Properties in the 4th quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at approximately $40,000. Cromwell Holdings LLC grew its holdings in shares of VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after purchasing an additional 494 shares during the last quarter. Finally, Promus Capital LLC purchased a new position in shares of VICI Properties in the fourth quarter worth $63,000. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of analyst reports. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Mizuho increased their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Wells Fargo & Company boosted 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. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a report on Thursday, March 27th. Finally, Truist Financial reduced 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 report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.63.

VICI Properties Stock Performance

Shares of VICI opened at $32.18 on Tuesday. The business’s 50 day moving average price is $31.66 and its 200-day moving average price is $31.13. The stock has a market cap of $34.00 billion, a P/E ratio of 12.57, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last announced 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). The firm had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.38%. VICI Properties’s dividend payout ratio 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.