Resona Asset Management Co. Ltd. Acquires New Position in VICI Properties Inc. (NYSE:VICI)

Resona Asset Management Co. Ltd. bought a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 4th quarter, Holdings Channel reports. The firm bought 629,869 shares of the company’s stock, valued at approximately $18,284,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in shares of VICI Properties by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,300,707 shares of the company’s stock worth $37,994,000 after acquiring an additional 4,767 shares in the last quarter. Prudential PLC boosted its position in VICI Properties by 95.4% during the fourth quarter. Prudential PLC now owns 69,844 shares of the company’s stock worth $2,040,000 after purchasing an additional 34,101 shares in the last quarter. SMH Capital Advisors Inc. grew its holdings in 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 purchasing an additional 14,794 shares during the last quarter. Centersquare Investment Management LLC raised its stake in shares of VICI Properties by 11.0% during the 4th quarter. Centersquare Investment Management LLC now owns 8,119,987 shares of the company’s stock worth $237,185,000 after buying an additional 804,291 shares during the last quarter. Finally, Provident Investment Management Inc. grew 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 valued at $685,000 after acquiring an additional 11,930 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VICI has been the topic of several recent research reports. 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. Mizuho increased their target price on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday. JMP Securities reissued a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Stifel Nicolaus increased their price objective on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research note on Thursday, March 27th. Finally, Wells Fargo & Company boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.63.

VICI Properties Stock Down 3.4 %

Shares of VICI opened at $30.57 on Friday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company’s fifty day moving average is $31.36 and its two-hundred day moving average is $31.30. The firm has a market cap of $32.30 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. Analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

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