RMR Advisors LLC bought a new position in shares of VICI Properties Inc (NYSE:VICI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 29,600 shares of the company’s stock, valued at approximately $648,000.
A number of other institutional investors have also added to or reduced their stakes in VICI. BlackRock Inc. lifted its holdings in VICI Properties by 43.9% during the 4th quarter. BlackRock Inc. now owns 29,022,406 shares of the company’s stock worth $545,041,000 after buying an additional 8,847,013 shares in the last quarter. PGGM Investments lifted its holdings in VICI Properties by 323.7% during the 4th quarter. PGGM Investments now owns 11,227,000 shares of the company’s stock worth $210,843,000 after buying an additional 8,577,000 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in VICI Properties by 29.2% during the 3rd quarter. Cohen & Steers Inc. now owns 24,864,335 shares of the company’s stock worth $537,567,000 after buying an additional 5,624,131 shares in the last quarter. Norges Bank acquired a new stake in VICI Properties during the 4th quarter worth approximately $104,581,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in VICI Properties during the 4th quarter worth approximately $76,963,000.
VICI has been the topic of a number of research reports. Goldman Sachs Group upgraded shares of VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Thursday, January 10th. LADENBURG THALM/SH SH initiated coverage on shares of VICI Properties in a report on Wednesday, January 16th. They set a “buy” rating and a $24.00 target price on the stock. Credit Suisse Group initiated coverage on shares of VICI Properties in a report on Wednesday, March 20th. They set an “outperform” rating and a $24.00 target price on the stock. Zacks Investment Research lowered shares of VICI Properties from a “hold” rating to a “strong sell” rating in a report on Friday, February 22nd. Finally, Evercore ISI initiated coverage on shares of VICI Properties in a report on Tuesday, April 9th. They set an “outperform” rating and a $26.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.08.
Shares of VICI traded down $0.20 during midday trading on Wednesday, reaching $21.80. The stock had a trading volume of 55,409 shares, compared to its average volume of 2,593,729. VICI Properties Inc has a 1-year low of $17.58 and a 1-year high of $22.37. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.54 and a beta of 1.09. The company has a current ratio of 162.32, a quick ratio of 162.33 and a debt-to-equity ratio of 0.60.
VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. VICI Properties had a net margin of 58.31% and a return on equity of 8.24%. The business had revenue of $226.04 million for the quarter, compared to analyst estimates of $232.11 million. During the same period last year, the business earned $0.37 EPS. The company’s revenue was up 20.5% on a year-over-year basis. On average, analysts predict that VICI Properties Inc will post 1.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Friday, March 29th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.28%. VICI Properties’s payout ratio is 80.42%.
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VICI Properties 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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