Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 200.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,400 shares of the company’s stock after buying an additional 5,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in VICI Properties were worth $214,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Carroll Financial Associates Inc. bought a new stake in VICI Properties in the fourth quarter valued at approximately $41,000. International Assets Investment Management LLC bought a new stake in VICI Properties in the fourth quarter valued at approximately $48,000. Associated Banc Corp raised its stake in VICI Properties by 1,834.8% in the fourth quarter. Associated Banc Corp now owns 2,612 shares of the company’s stock valued at $67,000 after buying an additional 2,477 shares during the period. Harvest Fund Management Co. Ltd raised its stake in VICI Properties by 147.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,458 shares of the company’s stock valued at $88,000 after buying an additional 2,059 shares during the period. Finally, Private Capital Group LLC raised its stake in VICI Properties by 30.4% in the fourth quarter. Private Capital Group LLC now owns 4,056 shares of the company’s stock valued at $105,000 after buying an additional 946 shares during the period.
Several analysts have issued reports on VICI shares. Deutsche Bank Aktiengesellschaft upped their price objective on VICI Properties from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, February 22nd. JPMorgan Chase & Co. assumed coverage on VICI Properties in a research note on Thursday, December 17th. They set an “overweight” rating and a $30.00 target price on the stock. Robert W. Baird reiterated a “buy” rating on shares of VICI Properties in a research note on Sunday, March 7th. Zacks Investment Research lowered VICI Properties from a “buy” rating to a “hold” rating in a research note on Friday, January 8th. Finally, Smith Barney Citigroup increased their target price on VICI Properties from $27.00 to $28.50 in a research note on Tuesday, December 15th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $27.78.
Shares of NYSE:VICI opened at $29.15 on Thursday. The company has a market capitalization of $15.65 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.51 and a beta of 1.05. VICI Properties Inc. has a 1 year low of $13.97 and a 1 year high of $29.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 6.84 and a quick ratio of 6.84. The business’s 50 day simple moving average is $28.33 and its 200 day simple moving average is $25.90.
VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 18th. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.05. VICI Properties had a return on equity of 7.59% and a net margin of 64.43%. On average, sell-side analysts anticipate that VICI Properties Inc. will post 1.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 8th. Shareholders of record on Thursday, March 25th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Wednesday, March 24th. VICI Properties’s dividend payout ratio is presently 89.19%.
About VICI Properties
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.
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