VICI Properties Inc. (NYSE:VICI) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 20.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,058,388 shares of the company’s stock after acquiring an additional 180,961 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of VICI Properties worth $30,916,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AlphaQuest LLC grew its position in shares of VICI Properties by 129.6% in the fourth quarter. AlphaQuest LLC now owns 15,690 shares of the company’s stock valued at $458,000 after purchasing an additional 8,856 shares in the last quarter. Amundi grew its position in shares of VICI Properties by 1.2% in the fourth quarter. Amundi now owns 3,215,968 shares of the company’s stock valued at $92,716,000 after purchasing an additional 37,370 shares in the last quarter. Larson Financial Group LLC grew its position in shares of VICI Properties by 16.3% in the fourth quarter. Larson Financial Group LLC now owns 72,358 shares of the company’s stock valued at $2,114,000 after purchasing an additional 10,158 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of VICI Properties by 7.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 101,424 shares of the company’s stock valued at $2,963,000 after purchasing an additional 7,096 shares in the last quarter. Finally, Andra AP fonden grew its position in shares of VICI Properties by 38.5% in the fourth quarter. Andra AP fonden now owns 468,100 shares of the company’s stock valued at $13,673,000 after purchasing an additional 130,100 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on VICI shares. Mizuho lowered their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Truist Financial lowered their price target 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. Finally, Stifel Nicolaus increased their price objective on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Three 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Stock Down 0.1 %

VICI opened at $32.61 on Tuesday. The business’s 50-day simple moving average is $30.22 and its 200-day simple moving average is $31.48. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The stock has a market capitalization of $34.45 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last released its quarterly 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). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. Analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 5.30%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 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.