Caisse Des Depots ET Consignations Takes Position in VICI Properties Inc. (NYSE:VICI)

Caisse Des Depots ET Consignations bought a new position in VICI Properties Inc. (NYSE:VICI) in the fourth quarter, HoldingsChannel.com reports. The fund bought 127,184 shares of the company’s stock, valued at approximately $3,715,000.

Other hedge funds have also recently bought and sold shares of the company. NEOS Investment Management LLC lifted its stake in VICI Properties by 31.5% in the fourth quarter. NEOS Investment Management LLC now owns 62,265 shares of the company’s stock valued at $1,819,000 after buying an additional 14,933 shares during the period. UniSuper Management Pty Ltd lifted its position in VICI Properties by 5.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 392,160 shares of the company’s stock valued at $11,455,000 after acquiring an additional 21,809 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of VICI Properties by 9.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,332,832 shares of the company’s stock valued at $68,725,000 after purchasing an additional 196,295 shares in the last quarter. Prestige Wealth Management Group LLC lifted its stake in VICI Properties by 7.8% in the 4th quarter. Prestige Wealth Management Group LLC now owns 14,325 shares of the company’s stock valued at $425,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its position in VICI Properties by 5.2% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 12,515 shares of the company’s stock worth $366,000 after acquiring an additional 624 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Mizuho cut their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Finally, 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 report on Friday, February 21st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $31.92 on Thursday. The firm has a 50 day moving average of $31.02 and a 200-day moving average of $31.39. 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. The stock has a market capitalization of $33.73 billion, a PE ratio of 12.47, a PEG ratio of 3.88 and a beta of 0.94.

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

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 5.42%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is 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.