OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in VICI Properties Inc. (NYSE:VICI)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of VICI Properties Inc. (NYSE:VICI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 114,691 shares of the company’s stock, valued at approximately $3,350,000.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VICI. Truist Financial dropped 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. Barclays boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Stifel Nicolaus boosted their target price on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $32.38 on Thursday. The company’s 50 day moving average is $30.71 and its 200 day moving average is $31.45. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $34.20 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.34%. VICI Properties’s dividend payout ratio (DPR) is currently 67.58%.

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.