Thrivent Financial for Lutherans Boosts Holdings in VICI Properties Inc. (NYSE:VICI)

Thrivent Financial for Lutherans boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 10.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 366,494 shares of the company’s stock after purchasing an additional 34,321 shares during the quarter. Thrivent Financial for Lutherans’ holdings in VICI Properties were worth $10,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after buying an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC raised its holdings in VICI Properties by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after acquiring an additional 608,696 shares during the last quarter. Principal Financial Group Inc. raised its holdings in VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after acquiring an additional 130,659 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in VICI Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock worth $356,635,000 after acquiring an additional 385,649 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after acquiring an additional 7,658,819 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Down 1.6 %

Shares of VICI stock opened at $31.51 on Friday. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm has a fifty day moving average price of $30.84 and a 200-day moving average price of $31.43. 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 $33.28 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data 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 net margin of 69.59% and a return on equity of 10.24%. 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 predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Analyst Ratings Changes

VICI has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Mizuho cut their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $34.20.

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.