Thrivent Financial for Lutherans Grows Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Thrivent Financial for Lutherans boosted its stake in VICI Properties Inc. (NYSE:VICI) by 10.3% during the 4th quarter, Holdings Channel reports. The firm owned 366,494 shares of the company’s stock after buying an additional 34,321 shares during the quarter. Thrivent Financial for Lutherans’ holdings in VICI Properties were worth $10,705,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VICI. Pathstone Holdings LLC lifted its stake in VICI Properties by 7.9% in the 3rd quarter. Pathstone Holdings LLC now owns 57,210 shares of the company’s stock worth $1,906,000 after purchasing an additional 4,177 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of VICI Properties during the 3rd quarter valued at about $761,000. PNC Financial Services Group Inc. raised its position in shares of VICI Properties by 10.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 94,328 shares of the company’s stock valued at $3,142,000 after buying an additional 8,748 shares in the last quarter. Commerce Bank raised its position in shares of VICI Properties by 12.7% during the 3rd quarter. Commerce Bank now owns 14,232 shares of the company’s stock valued at $474,000 after buying an additional 1,608 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of VICI Properties by 2.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 511,285 shares of the company’s stock valued at $17,031,000 after buying an additional 14,148 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI stock opened at $31.51 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $33.28 billion, a P/E ratio of 12.31, a P/E/G ratio of 3.88 and a beta of 0.94. The company’s 50-day simple moving average is $30.84 and its two-hundred day simple moving average is $31.43. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 EPS 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 the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.49%. VICI Properties’s dividend payout ratio is currently 67.58%.

Wall Street Analysts Forecast Growth

VICI has been the topic of several recent research reports. Stifel Nicolaus upped their target price on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Company upped their target price 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. Mizuho decreased their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Barclays upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

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.