Norges Bank Invests $419.93 Million in VICI Properties Inc. (NYSE:VICI)

Norges Bank purchased a new stake in VICI Properties Inc. (NYSE:VICI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,376,295 shares of the company’s stock, valued at approximately $419,932,000. Norges Bank owned approximately 1.36% of VICI Properties as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in VICI. Venturi Wealth Management LLC grew its position in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new stake in VICI Properties in the fourth quarter worth $33,000. Whipplewood Advisors LLC bought a new stake in VICI Properties in the fourth quarter worth $40,000. Continuum Advisory LLC increased its position in VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after buying an additional 1,630 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 0.3 %

VICI stock opened at $31.99 on Friday. The business’s 50-day simple moving average is $31.13 and its 200 day simple moving average is $31.38. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $33.80 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VICI. Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Stifel Nicolaus lifted their target price on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a report on Thursday. Finally, JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.23.

About VICI Properties

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.