VICI Properties Inc. (NYSE:VICI) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,332,832 shares of the company’s stock after buying an additional 196,295 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in VICI Properties were worth $68,725,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC raised its stake in shares of VICI Properties by 7.8% in the fourth quarter. Prestige Wealth Management Group LLC now owns 14,325 shares of the company’s stock valued at $425,000 after acquiring an additional 1,039 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in VICI Properties by 5.2% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 12,515 shares of the company’s stock worth $366,000 after purchasing an additional 624 shares during the period. First American Trust FSB boosted its stake in shares of VICI Properties by 0.3% in the 4th quarter. First American Trust FSB now owns 180,439 shares of the company’s stock valued at $5,271,000 after buying an additional 627 shares during the period. Barnett & Company Inc. grew its position in shares of VICI Properties by 4.0% during the fourth quarter. Barnett & Company Inc. now owns 49,650 shares of the company’s stock worth $1,450,000 after buying an additional 1,900 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of VICI Properties by 125.9% during the fourth quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company’s stock worth $48,486,000 after buying an additional 925,041 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.3 %

VICI opened at $31.99 on Friday. The firm has a market cap of $33.80 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The business’s 50 day moving average is $31.13 and its two-hundred day moving average is $31.38. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 5.41%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Wall Street Analyst Weigh In

Several research firms have commented on VICI. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Stifel Nicolaus lifted their price target on VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a report on Thursday. Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.23.

About VICI Properties

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.