VICI Properties Inc. (NYSE:VICI) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. raised its stake in VICI Properties Inc. (NYSE:VICI) by 125.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,659,922 shares of the company’s stock after acquiring an additional 925,041 shares during the period. Prudential Financial Inc. owned 0.16% of VICI Properties worth $48,486,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in VICI Properties in the fourth quarter worth $33,000. Whipplewood Advisors LLC bought a new stake in VICI Properties in the fourth quarter valued at $40,000. Continuum Advisory LLC boosted its holdings in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in shares of VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Down 1.0 %

Shares of VICI stock opened at $31.65 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market cap 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. The business’s fifty day moving average is $30.96 and its 200-day moving average is $31.39. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI) last released its earnings results 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 return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. Equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm 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 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 67.58%.

Analysts Set New Price Targets

VICI has been the topic of several recent research reports. Truist Financial cut their price objective 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. Stifel Nicolaus lifted their price target on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Finally, Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to 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.