Assetmark Inc. Buys 27,436 Shares of VICI Properties Inc. (NYSE:VICI)

Assetmark Inc. grew its stake in VICI Properties Inc. (NYSE:VICI) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,016,695 shares of the company’s stock after acquiring an additional 27,436 shares during the period. Assetmark Inc. owned 0.19% of VICI Properties worth $58,908,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VICI. State Street Corp grew its stake in VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of VICI Properties by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after buying an additional 608,696 shares during the period. Principal Financial Group Inc. grew its position in shares of VICI Properties by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after buying an additional 130,659 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of VICI Properties by 3.3% during 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 buying an additional 385,649 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 acquiring an additional 7,658,819 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on VICI shares. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Stifel Nicolaus increased their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $34.30.

VICI Properties Stock Performance

Shares of VICI opened at $32.22 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market cap of $34.04 billion, a PE ratio of 12.59, a P/E/G ratio of 3.88 and a beta of 0.94. The stock has a fifty day moving average price of $29.96 and a 200-day moving average price of $31.47. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

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

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.37%. VICI Properties’s payout ratio is presently 67.58%.

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.