Berger Financial Group Inc Boosts Stake in VICI Properties Inc. (NYSE:VICI)

Berger Financial Group Inc lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,581 shares of the company’s stock after purchasing an additional 2,904 shares during the quarter. Berger Financial Group Inc’s holdings in VICI Properties were worth $4,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of VICI Properties during the fourth quarter worth $419,932,000. Capital World Investors boosted its holdings in VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock valued at $827,160,000 after acquiring an additional 2,903,744 shares during the period. Hsbc Holdings PLC grew its position in VICI Properties by 33.7% in the 4th quarter. Hsbc Holdings PLC now owns 5,962,447 shares of the company’s stock valued at $174,033,000 after acquiring an additional 1,501,473 shares in the last quarter. Pinebridge Investments L.P. increased its stake in VICI Properties by 7,692.3% during the fourth quarter. Pinebridge Investments L.P. now owns 1,467,605 shares of the company’s stock worth $42,869,000 after purchasing an additional 1,448,771 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of VICI Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock worth $860,107,000 after purchasing an additional 1,036,344 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Down 0.7 %

VICI stock opened at $32.23 on Friday. The company’s 50 day moving average is $31.84 and its two-hundred day moving average is $31.15. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market cap of $34.06 billion, a P/E ratio of 12.59, a PEG ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results 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). 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%. Research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VICI shares. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Stifel Nicolaus boosted their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Wells Fargo & Company increased their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Finally, Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.93.

VICI Properties 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.