Geode Capital Management LLC Buys 1,036,344 Shares of VICI Properties Inc. (NYSE:VICI)

Geode Capital Management LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,512,003 shares of the company’s stock after acquiring an additional 1,036,344 shares during the quarter. Geode Capital Management LLC owned about 2.80% of VICI Properties worth $860,107,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. Principal Financial Group Inc. increased its position in VICI Properties by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after buying an additional 130,659 shares during the period. Norges Bank acquired a new stake in shares of VICI Properties during the fourth quarter worth $419,932,000. Charles Schwab Investment Management Inc. grew its stake in shares of VICI Properties by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock valued at $356,635,000 after acquiring an additional 385,649 shares in the last quarter. Finally, Boston Partners increased its position in VICI Properties by 6.8% during the fourth quarter. Boston Partners now owns 8,329,090 shares of the company’s stock worth $243,298,000 after acquiring an additional 532,275 shares during the period. 97.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VICI. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a report on Thursday, March 27th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Finally, Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.23.

VICI Properties Trading Down 0.6 %

VICI opened at $32.26 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company’s 50 day moving average price is $31.29 and its two-hundred day moving average price is $31.34. The firm has a market capitalization of $34.09 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last posted 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 company 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%. As a group, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s payout ratio is presently 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.