Legal & General Group Plc Has $347.27 Million Stake in VICI Properties Inc. (NYSE:VICI)

Legal & General Group Plc decreased its position in shares of VICI Properties Inc. (NYSE:VICI) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,888,802 shares of the company’s stock after selling 2,239,521 shares during the period. Legal & General Group Plc owned about 1.13% of VICI Properties worth $347,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of VICI. Venturi Wealth Management LLC raised its holdings in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties during the 4th quarter worth approximately $33,000. Whipplewood Advisors LLC bought a new position in VICI Properties in the fourth quarter valued at $40,000. Continuum Advisory LLC increased its position in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC increased its position in shares of VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VICI. Wells Fargo & Company boosted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Mizuho boosted their price target on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Finally, Truist Financial cut their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.63.

VICI Properties Stock Down 1.3 %

Shares of NYSE:VICI opened at $29.38 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market capitalization of $31.05 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The firm has a fifty day moving average of $31.32 and a 200 day moving average of $31.22. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.89%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 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.