Prudential PLC Has $2.04 Million Position in VICI Properties Inc. (NYSE:VICI)

Prudential PLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 95.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 69,844 shares of the company’s stock after buying an additional 34,101 shares during the period. Prudential PLC’s holdings in VICI Properties were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SMH Capital Advisors Inc. boosted its position in shares of VICI Properties by 54.2% in the fourth quarter. SMH Capital Advisors Inc. now owns 42,069 shares of the company’s stock valued at $1,229,000 after acquiring an additional 14,794 shares during the period. Centersquare Investment Management LLC raised its stake in VICI Properties by 11.0% in the 4th quarter. Centersquare Investment Management LLC now owns 8,119,987 shares of the company’s stock worth $237,185,000 after purchasing an additional 804,291 shares in the last quarter. Provident Investment Management Inc. raised its stake in VICI Properties by 103.7% in the 4th quarter. Provident Investment Management Inc. now owns 23,435 shares of the company’s stock worth $685,000 after purchasing an additional 11,930 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in VICI Properties in the 4th quarter valued at about $238,000. Finally, Cinctive Capital Management LP acquired a new position in shares of VICI Properties during the 4th quarter worth approximately $2,256,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VICI shares. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Stifel Nicolaus upped their target price on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research report on Thursday, March 27th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Finally, Barclays increased their price objective 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.63.

VICI Properties Stock Down 3.4 %

VICI stock opened at $30.57 on Monday. The firm has a 50-day moving average price of $31.36 and a 200-day moving average price of $31.28. VICI Properties Inc. has a 12 month low of $27.08 and a 12 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 capitalization of $32.30 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70.

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

VICI Properties Announces Dividend

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

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.