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

Prudential PLC grew its position in VICI Properties Inc. (NYSE:VICI) by 95.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,844 shares of the company’s stock after purchasing an additional 34,101 shares during the period. Prudential PLC’s holdings in VICI Properties were worth $2,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SMH Capital Advisors Inc. lifted its holdings 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 valued at $1,229,000 after purchasing an additional 14,794 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in VICI Properties by 11.0% in the fourth quarter. Centersquare Investment Management LLC now owns 8,119,987 shares of the company’s stock valued at $237,185,000 after buying an additional 804,291 shares in the last quarter. Provident Investment Management Inc. boosted its holdings in shares of VICI Properties by 103.7% in the fourth quarter. Provident Investment Management Inc. now owns 23,435 shares of the company’s stock valued at $685,000 after buying an additional 11,930 shares during the period. Arete Wealth Advisors LLC bought a new stake in shares of VICI Properties during the fourth quarter worth $238,000. Finally, Cinctive Capital Management LP bought a new stake in shares of VICI Properties during the fourth quarter worth $2,256,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI opened at $30.57 on Monday. The company 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 firm has a 50-day moving average of $31.36 and a 200-day moving average of $31.28. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI) last posted its quarterly 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). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. As a group, equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in 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. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays boosted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus raised their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Finally, Truist Financial cut their price objective 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average 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.