Resona Asset Management Co. Ltd. Buys New Shares in VICI Properties Inc. (NYSE:VICI)

Resona Asset Management Co. Ltd. purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 629,869 shares of the company’s stock, valued at approximately $18,284,000. Resona Asset Management Co. Ltd. owned 0.06% of VICI Properties at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VICI. Wells Fargo & Company MN lifted its position 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 purchasing an additional 4,767 shares during the last quarter. Prudential PLC lifted its holdings in VICI Properties by 95.4% during the 4th quarter. Prudential PLC now owns 69,844 shares of the company’s stock worth $2,040,000 after buying an additional 34,101 shares during the last quarter. SMH Capital Advisors Inc. boosted its position in shares of VICI Properties by 54.2% during the 4th quarter. SMH Capital Advisors Inc. now owns 42,069 shares of the company’s stock worth $1,229,000 after acquiring an additional 14,794 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of VICI Properties by 11.0% in the 4th quarter. Centersquare Investment Management LLC now owns 8,119,987 shares of the company’s stock valued at $237,185,000 after acquiring an additional 804,291 shares during the last quarter. Finally, Provident Investment Management Inc. raised its position in shares of VICI Properties by 103.7% during the 4th quarter. Provident Investment Management Inc. now owns 23,435 shares of the company’s stock worth $685,000 after acquiring an additional 11,930 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $30.57 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 cap of $32.30 billion, a PE ratio of 11.94, a P/E/G ratio of 3.88 and a beta of 0.70. The stock has a fifty day moving average price of $31.36 and a 200 day moving average price of $31.30. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI) last issued its earnings results 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 firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays lifted their price target 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. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research note on Thursday, March 27th. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Finally, Mizuho upped their target price on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.63.

VICI Properties Company 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.