Legal & General Group Plc boosted its holdings in VICI Properties Inc (NYSE:VICI) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,343,861 shares of the company’s stock after acquiring an additional 80,393 shares during the quarter. Legal & General Group Plc’s holdings in VICI Properties were worth $25,237,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Advisors Asset Management Inc. boosted its holdings in VICI Properties by 75.4% during the 4th quarter. Advisors Asset Management Inc. now owns 1,447 shares of the company’s stock worth $27,000 after acquiring an additional 622 shares during the last quarter. Ffcm LLC purchased a new position in VICI Properties during the 4th quarter worth $28,000. Enlightenment Research LLC purchased a new position in VICI Properties during the 4th quarter worth $32,000. Advisor Group Inc. boosted its holdings in VICI Properties by 26.4% during the 4th quarter. Advisor Group Inc. now owns 3,428 shares of the company’s stock worth $64,000 after acquiring an additional 716 shares during the last quarter. Finally, Enterprise Financial Services Corp purchased a new position in VICI Properties during the 4th quarter worth $72,000.
A number of brokerages recently weighed in on VICI. Zacks Investment Research raised shares of VICI Properties from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 13th. Credit Suisse Group began coverage on shares of VICI Properties in a report on Wednesday, March 20th. They issued an “outperform” rating and a $24.00 price target on the stock. LADENBURG THALM/SH SH began coverage on shares of VICI Properties in a report on Wednesday, January 16th. They issued a “buy” rating and a $24.00 price target on the stock. Finally, Goldman Sachs Group raised shares of VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, January 10th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. VICI Properties has an average rating of “Buy” and an average price target of $23.83.
VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.37. VICI Properties had a return on equity of 8.24% and a net margin of 58.31%. The business had revenue of $226.04 million for the quarter, compared to analysts’ expectations of $232.11 million. During the same period in the previous year, the business posted $0.37 EPS. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. As a group, sell-side analysts forecast that VICI Properties Inc will post 1.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Friday, March 29th will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, March 28th. VICI Properties’s dividend payout ratio is currently 80.42%.
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VICI Properties Company Profile
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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