NEOS Investment Management LLC Grows Stock Holdings in VICI Properties Inc. (NYSE:VICI)

NEOS Investment Management LLC raised its position in VICI Properties Inc. (NYSE:VICI) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,265 shares of the company’s stock after buying an additional 14,933 shares during the period. NEOS Investment Management LLC’s holdings in VICI Properties were worth $1,819,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in VICI. UniSuper Management Pty Ltd lifted its position in VICI Properties by 5.9% in the fourth quarter. UniSuper Management Pty Ltd now owns 392,160 shares of the company’s stock valued at $11,455,000 after buying an additional 21,809 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake 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 acquiring an additional 196,295 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in shares of 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 buying an additional 1,039 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in VICI Properties by 5.2% in the fourth 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. Finally, First American Trust FSB grew its stake in shares of VICI Properties by 0.3% during the fourth quarter. First American Trust FSB now owns 180,439 shares of the company’s stock worth $5,271,000 after purchasing an additional 627 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VICI has been the topic of a number of recent analyst reports. Barclays increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.23.

VICI Properties Trading Up 0.3 %

VICI Properties stock opened at $31.99 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $31.13 and a two-hundred day moving average price of $31.38. The firm has a market capitalization of $33.80 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

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 the consensus estimate of $0.67 by ($0.10). The firm had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders 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 dividend yield of 5.41%. VICI Properties’s dividend 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.