UniSuper Management Pty Ltd Acquires 21,809 Shares of VICI Properties Inc. (NYSE:VICI)

UniSuper Management Pty Ltd boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 392,160 shares of the company’s stock after buying an additional 21,809 shares during the quarter. UniSuper Management Pty Ltd’s holdings in VICI Properties were worth $11,455,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VICI. Brown Brothers Harriman & Co. grew its position in shares of VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after acquiring an additional 1,630 shares during the period. Private Trust Co. NA lifted its stake in VICI Properties by 11.5% in the third quarter. Private Trust Co. NA now owns 12,388 shares of the company’s stock valued at $413,000 after purchasing an additional 1,277 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in VICI Properties by 2.5% during the third quarter. The Manufacturers Life Insurance Company now owns 955,541 shares of the company’s stock valued at $31,829,000 after purchasing an additional 23,727 shares during the period. FMR LLC increased its position in VICI Properties by 13.3% in the third quarter. FMR LLC now owns 3,386,136 shares of the company’s stock worth $112,792,000 after buying an additional 397,650 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of VICI Properties by 35.9% in the third quarter. D.A. Davidson & CO. now owns 10,654 shares of the company’s stock valued at $355,000 after buying an additional 2,815 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VICI shares. Stifel Nicolaus lifted their price objective on VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a report on Thursday. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial lowered their price target 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. Wells Fargo & Company raised 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. Finally, KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $34.23.

VICI Properties Price Performance

NYSE:VICI opened at $31.90 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 fifty day moving average of $31.07 and a 200 day moving average of $31.40. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market capitalization of $33.70 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last issued 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). The business had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders 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 dividend yield of 5.42%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 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.