Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in VICI Properties Inc. (NYSE:VICI)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in VICI Properties Inc. (NYSE:VICI) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,332,832 shares of the company’s stock after purchasing an additional 196,295 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.22% of VICI Properties worth $68,725,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VICI. Prestige Wealth Management Group LLC boosted its stake in shares of VICI Properties by 7.8% in the fourth quarter. Prestige Wealth Management Group LLC now owns 14,325 shares of the company’s stock worth $425,000 after acquiring an additional 1,039 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in VICI Properties by 5.2% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 12,515 shares of the company’s stock valued at $366,000 after purchasing an additional 624 shares in the last quarter. First American Trust FSB boosted its stake in VICI Properties by 0.3% during the 4th quarter. First American Trust FSB now owns 180,439 shares of the company’s stock worth $5,271,000 after purchasing an additional 627 shares during the last quarter. Barnett & Company Inc. grew its holdings in shares of VICI Properties by 4.0% during the fourth quarter. Barnett & Company Inc. now owns 49,650 shares of the company’s stock worth $1,450,000 after buying an additional 1,900 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of VICI Properties by 125.9% in the fourth quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company’s stock valued at $48,486,000 after buying an additional 925,041 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Up 0.3 %

NYSE VICI opened at $31.99 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $33.80 billion, a P/E ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94. The firm’s 50-day moving average is $31.13 and its two-hundred day moving average is $31.38. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

VICI Properties (NYSE:VICI) last released 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 company had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.41%. VICI Properties’s dividend payout ratio is currently 67.58%.

Analyst Ratings Changes

Several analysts recently issued reports on VICI shares. Wells Fargo & Company upped their price objective 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. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Mizuho reduced their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.23.

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.