VICI Properties Inc. (NYSE:VICI) Stock Position Lifted by Invesco Ltd.

Invesco Ltd. grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,414,045 shares of the company’s stock after buying an additional 692,092 shares during the period. Invesco Ltd.’s holdings in VICI Properties were worth $391,824,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Atria Wealth Solutions Inc. raised its position in shares of VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after purchasing an additional 24,159 shares during the period. Oxbow Advisors LLC acquired a new stake in shares of VICI Properties during the 4th quarter worth approximately $3,817,000. CHURCHILL MANAGEMENT Corp raised its position in shares of VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after purchasing an additional 8,834 shares during the period. Border to Coast Pensions Partnership Ltd raised its position in shares of VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares during the period. Finally, Brookstone Capital Management acquired a new stake in shares of VICI Properties during the 4th quarter worth approximately $359,000. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Truist Financial lowered their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Stifel Nicolaus raised 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 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 target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Finally, KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.63.

VICI Properties Stock Up 4.9 %

VICI stock opened at $30.84 on Thursday. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a market cap of $32.59 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The business’s 50-day simple moving average is $31.37 and its 200 day simple moving average is $31.20. 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 released its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Thursday, March 20th. VICI Properties’s payout ratio is currently 67.58%.

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.