Grantham Mayo Van Otterloo & Co. LLC Increases Holdings in VICI Properties Inc. (NYSE:VICI)

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 3,401.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 622,983 shares of the company’s stock after acquiring an additional 605,191 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.06% of VICI Properties worth $18,197,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. D.A. Davidson & CO. increased its stake in VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after purchasing an additional 340 shares during the last quarter. Carret Asset Management LLC boosted its holdings in shares of VICI Properties by 0.5% in the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock valued at $2,034,000 after buying an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in shares of VICI Properties by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after buying an additional 372 shares during the last quarter. Continuum Advisory LLC raised its stake in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock valued at $357,000 after acquiring an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $30.57 on Friday. 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 50-day moving average price of $31.36 and a 200 day moving average price of $31.30. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a market cap of $32.30 billion, a P/E ratio of 11.94, a PEG ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last announced 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). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. Research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research note on Thursday, March 27th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Barclays increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.63.

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.