Signaturefd LLC Grows Stock Position in VICI Properties Inc. (NYSE:VICI)

Signaturefd LLC increased its holdings in VICI Properties Inc. (NYSE:VICI) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 17,973 shares of the company’s stock after buying an additional 1,362 shares during the period. Signaturefd LLC’s holdings in VICI Properties were worth $525,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. State Street Corp grew its stake in shares of 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of VICI Properties by 2.2% in the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after purchasing an additional 608,696 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of VICI Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after purchasing an additional 130,659 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in VICI Properties by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock valued at $356,635,000 after acquiring an additional 385,649 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in VICI Properties by 599.3% during the 3rd 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 institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on VICI shares. Stifel Nicolaus lifted their price objective on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Truist Financial cut their price objective on 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 VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Finally, Barclays lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Stock Performance

Shares of VICI opened at $32.00 on Friday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The stock has a market cap of $33.80 billion, a P/E ratio of 12.50, a P/E/G ratio of 3.88 and a beta of 0.94. The business’s 50 day moving average price is $30.77 and its 200-day moving average price is $31.46. 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 quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. Equities research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued 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 5.41%. VICI Properties’s payout ratio is currently 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.