TCW Group Inc. Has $3.61 Million Position in VICI Properties Inc. (NYSE:VICI)

TCW Group Inc. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 123,731 shares of the company’s stock after buying an additional 5,203 shares during the quarter. TCW Group Inc.’s holdings in VICI Properties were worth $3,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VICI. Venturi Wealth Management LLC lifted its position in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of VICI Properties during the fourth quarter worth approximately $33,000. Continuum Advisory LLC lifted its holdings in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after purchasing an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in VICI Properties in the 3rd quarter valued at $67,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VICI shares. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Truist Financial decreased their target price 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. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus boosted their price target on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $31.25 on Monday. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a market capitalization of $32.95 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company’s 50 day simple moving average is $29.59 and its 200 day simple moving average is $31.43.

VICI Properties (NYSE:VICI) last posted its quarterly 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 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%. As a group, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

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.