Virtu Financial LLC purchased a new position in shares of VICI Properties Inc (NYSE:VICI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,207 shares of the company’s stock, valued at approximately $464,000.
A number of other large investors have also modified their holdings of the stock. PGGM Investments increased its stake in VICI Properties by 61.7% during the first quarter. PGGM Investments now owns 18,151,127 shares of the company’s stock valued at $397,147,000 after purchasing an additional 6,924,127 shares during the last quarter. Timbercreek Investment Management Inc. boosted its position in VICI Properties by 0.4% during the first quarter. Timbercreek Investment Management Inc. now owns 852,903 shares of the company’s stock worth $18,662,000 after purchasing an additional 3,300 shares during the period. State of Alaska Department of Revenue boosted its position in VICI Properties by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 177,711 shares of the company’s stock worth $3,887,000 after purchasing an additional 3,434 shares during the period. Geode Capital Management LLC boosted its position in VICI Properties by 155.1% during the fourth quarter. Geode Capital Management LLC now owns 3,574,487 shares of the company’s stock worth $67,128,000 after purchasing an additional 2,173,357 shares during the period. Finally, Norges Bank bought a new stake in VICI Properties during the fourth quarter worth approximately $104,581,000.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut VICI Properties from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. Goldman Sachs Group raised VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, January 10th. Evercore ISI assumed coverage on VICI Properties in a research report on Tuesday, April 9th. They issued an “outperform” rating and a $26.00 price objective for the company. SunTrust Banks increased their price objective on VICI Properties from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Credit Suisse Group assumed coverage on VICI Properties in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $24.00 price objective for the company. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.08.
VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 14th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $226.04 million during the quarter, compared to analysts’ expectations of $232.11 million. VICI Properties had a return on equity of 8.24% and a net margin of 58.31%. VICI Properties’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share. As a group, sell-side analysts predict that VICI Properties Inc will post 1.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Friday, March 29th were given a $0.2875 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.15 annualized dividend and a yield of 5.25%. VICI Properties’s dividend payout ratio (DPR) is currently 80.42%.
VICI Properties Company Profile
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 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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