VICI Properties Inc. (NYSE:VICI) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,645 shares of the company’s stock after purchasing an additional 21,365 shares during the period. DnB Asset Management AS’s holdings in VICI Properties were worth $5,919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VICI. Venturi Wealth Management LLC boosted its stake in shares of VICI Properties by 64.1% during 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 during the fourth quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new stake in VICI Properties in the 4th quarter worth approximately $40,000. Continuum Advisory LLC raised its holdings in VICI Properties by 30.5% in the 3rd 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 last quarter. Finally, Cromwell Holdings LLC lifted its stake in shares of VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after purchasing an additional 494 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the subject of several analyst reports. Truist Financial dropped their target price on 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 increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.23.

VICI Properties Stock Up 0.3 %

Shares of NYSE VICI opened at $31.99 on Monday. The stock has a fifty day moving average price of $31.13 and a 200 day moving average price of $31.35. The company has a market cap of $33.80 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The company has a current ratio of 2.61, a quick 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 the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company 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 yield of 5.41%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is 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.