Bank of New York Mellon Corp lowered its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,644,349 shares of the company's stock after selling 26,918 shares during the quarter. Bank of New York Mellon Corp owned 0.54% of VICI Properties worth $164,871,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company's stock valued at $1,873,869,000 after acquiring an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of VICI Properties by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company's stock worth $945,712,000 after purchasing an additional 608,696 shares during the period. Principal Financial Group Inc. grew its holdings in VICI Properties by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after purchasing an additional 130,659 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock worth $393,847,000 after purchasing an additional 770,195 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock worth $297,685,000 after purchasing an additional 7,658,819 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.
A number of research analysts have recently commented on the company. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays reduced their target price on VICI Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. JMP Securities reissued a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 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 note on Tuesday, January 14th. Three 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 a consensus price target of $34.20.
Read Our Latest Report on VICI
VICI stock opened at $32.32 on Friday. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The business has a 50-day moving average price of $29.81 and a 200 day moving average price of $31.46. The company has a market capitalization of $34.14 billion, a P/E ratio of 12.62, a PEG ratio of 3.88 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.
VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS 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 business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.35%. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.
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.
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