Pendal Group Ltd boosted its stake in VICI Properties Inc (NYSE:VICI) by 19.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,400 shares of the company’s stock after purchasing an additional 15,400 shares during the period. Pendal Group Ltd’s holdings in VICI Properties were worth $2,041,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Virginia Retirement Systems ET AL lifted its stake in VICI Properties by 69.3% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 393,900 shares of the company’s stock valued at $8,516,000 after purchasing an additional 161,200 shares during the last quarter. American Century Companies Inc. bought a new position in VICI Properties in the 3rd quarter valued at approximately $16,110,000. Wells Fargo & Company MN lifted its stake in VICI Properties by 26.6% in the 3rd quarter. Wells Fargo & Company MN now owns 285,333 shares of the company’s stock valued at $6,169,000 after purchasing an additional 60,031 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in VICI Properties by 31.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,302,206 shares of the company’s stock valued at $157,874,000 after purchasing an additional 1,727,030 shares during the last quarter. Finally, Comerica Bank lifted its stake in VICI Properties by 31.0% in the 3rd quarter. Comerica Bank now owns 14,311 shares of the company’s stock valued at $306,000 after purchasing an additional 3,389 shares during the last quarter.
VICI opened at $21.70 on Friday. VICI Properties Inc has a twelve month low of $17.58 and a twelve month high of $22.99. The company has a current ratio of 65.13, a quick ratio of 65.13 and a debt-to-equity ratio of 0.66.
VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.04). The firm had revenue of $233.00 million for the quarter, compared to the consensus estimate of $225.38 million. As a group, research analysts forecast that VICI Properties Inc will post 1.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Friday, September 28th were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, September 27th. This is a boost from VICI Properties’s previous quarterly dividend of $0.26. This represents a $1.15 annualized dividend and a dividend yield of 5.30%.
VICI has been the subject of several recent research reports. Morgan Stanley upped their price target on shares of VICI Properties from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, July 24th. Robert W. Baird initiated coverage on shares of VICI Properties in a research report on Wednesday, October 24th. They issued an “outperform” rating and a $26.00 price target for the company. Nomura initiated coverage on shares of VICI Properties in a research report on Wednesday, September 26th. They issued a “buy” rating and a $29.00 price target for the company. Bank of America upgraded shares of VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Monday, October 15th. Finally, Zacks Investment Research cut shares of VICI Properties from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. VICI Properties has an average rating of “Hold” and a consensus price target of $23.23.
VICI Properties Company Profile
VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.
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