Geode Capital Management LLC Purchases 1,036,344 Shares of VICI Properties Inc. (NYSE:VICI)

Geode Capital Management LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 29,512,003 shares of the company’s stock after buying an additional 1,036,344 shares during the period. Geode Capital Management LLC’s holdings in VICI Properties were worth $860,107,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in VICI. Norges Bank bought a new stake in VICI Properties in the fourth quarter worth approximately $419,932,000. State Street Corp grew its position in shares of VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after buying an additional 1,164,717 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of VICI Properties by 127.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock valued at $50,099,000 after acquiring an additional 960,706 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of VICI Properties by 125.9% during the 4th quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company’s stock valued at $48,486,000 after acquiring an additional 925,041 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in VICI Properties by 185.3% during the third quarter. Janus Henderson Group PLC now owns 972,695 shares of the company’s stock worth $32,397,000 after acquiring an additional 631,747 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VICI shares. 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 report on Wednesday, January 8th. Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Stifel Nicolaus upped their target price on VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price objective 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. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.23.

VICI Properties Stock Performance

NYSE VICI opened at $32.26 on Thursday. The company has a fifty day moving average price of $31.29 and a 200-day moving average price of $31.34. The firm has a market cap of $34.09 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 3.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year 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). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. As a group, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.36%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

VICI Properties Company 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.