VICI Properties Inc. (NYSE:VICI) Holdings Raised by Prudential Financial Inc.

Prudential Financial Inc. lifted its stake in VICI Properties Inc. (NYSE:VICI) by 125.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,659,922 shares of the company’s stock after purchasing an additional 925,041 shares during the period. Prudential Financial Inc.’s holdings in VICI Properties were worth $48,486,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VICI. Mizuho Securities USA LLC boosted its holdings in shares of VICI Properties by 47.1% in the fourth quarter. Mizuho Securities USA LLC now owns 99,912 shares of the company’s stock worth $2,918,000 after buying an additional 32,008 shares during the period. Virtu Financial LLC purchased a new stake in shares of VICI Properties in the 4th quarter valued at approximately $307,000. OLD Point Trust & Financial Services N A boosted its stake in VICI Properties by 14.4% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 5,150 shares of the company’s stock worth $150,000 after purchasing an additional 650 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in VICI Properties by 37.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 563,320 shares of the company’s stock worth $16,455,000 after purchasing an additional 152,975 shares in the last quarter. Finally, Berkeley Capital Partners LLC grew its position in VICI Properties by 6.6% during the 4th quarter. Berkeley Capital Partners LLC now owns 86,806 shares of the company’s stock worth $2,536,000 after purchasing an additional 5,355 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VICI shares. Stifel Nicolaus increased their target price on 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. Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Wells Fargo & Company raised their price target 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. Finally, Mizuho dropped their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties Price Performance

NYSE VICI opened at $31.65 on Wednesday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $33.44 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The company has a 50 day moving average price of $30.96 and a two-hundred day moving average price of $31.39.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio is 67.58%.

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.