Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 86,700 Shares of VICI Properties Inc. (NYSE:VICI)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in VICI Properties Inc. (NYSE:VICI) by 61.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,583 shares of the company’s stock after acquiring an additional 86,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in VICI Properties were worth $6,677,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of VICI. Venturi Wealth Management LLC raised its stake in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of VICI Properties in the fourth quarter worth $33,000. Continuum Advisory LLC raised its stake in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the last quarter. Cromwell Holdings LLC increased its position in VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after acquiring an additional 494 shares during the last quarter. Finally, Quent Capital LLC increased its position in VICI Properties by 27.1% during the fourth quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock valued at $64,000 after acquiring an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VICI. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays reduced their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Truist Financial reduced their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Finally, Stifel Nicolaus upped 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Stock Performance

Shares of VICI opened at $32.01 on Tuesday. 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 business has a 50-day simple moving average of $29.61 and a two-hundred day simple moving average of $31.44. The stock has a market cap of $33.81 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

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

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

About VICI Properties

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.