Boston Partners Increases Stake in VICI Properties Inc. (NYSE:VICI)

Boston Partners raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,329,090 shares of the company’s stock after buying an additional 532,275 shares during the quarter. Boston Partners owned about 0.79% of VICI Properties worth $243,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of 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 purchasing an additional 1,164,717 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 608,696 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of 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 purchasing an additional 130,659 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 385,649 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 purchasing an additional 7,658,819 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Up 0.5 %

NYSE:VICI opened at $32.66 on Wednesday. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a market cap of $34.49 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The stock has a fifty day simple moving average of $30.64 and a 200-day simple moving average of $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.

VICI Properties (NYSE:VICI) last released 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 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. Analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.30%. VICI Properties’s payout ratio is currently 67.58%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Mizuho lowered their price target on 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, Truist Financial lowered their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

VICI Properties 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.