Pensionfund Sabic Takes Position in VICI Properties Inc. (NYSE:VICI)
Pensionfund Sabic purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,000 shares of the company’s stock, valued at approximately $254,000.
Several other large investors have also recently bought and sold shares of VICI. Norges Bank purchased a new stake in shares of VICI Properties during the fourth quarter valued at approximately $131,451,000. BlackRock Inc. lifted its position in VICI Properties by 6.1% during the fourth quarter. BlackRock Inc. now owns 46,508,546 shares of the company’s stock valued at $1,185,967,000 after purchasing an additional 2,671,434 shares during the period. UBS Asset Management Americas Inc. lifted its position in VICI Properties by 33.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 3,826,052 shares of the company’s stock valued at $97,564,000 after purchasing an additional 957,105 shares during the period. National Pension Service lifted its position in VICI Properties by 1,228.9% during the fourth quarter. National Pension Service now owns 966,181 shares of the company’s stock valued at $24,638,000 after purchasing an additional 893,473 shares during the period. Finally, Parsifal Capital Management LP lifted its position in VICI Properties by 32.3% during the fourth quarter. Parsifal Capital Management LP now owns 3,120,725 shares of the company’s stock valued at $79,578,000 after purchasing an additional 762,725 shares during the period.
A number of brokerages recently weighed in on VICI. JPMorgan Chase & Co. began coverage on shares of VICI Properties in a research report on Thursday, December 17th. They set an “overweight” rating and a $30.00 price objective on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on shares of VICI Properties from $27.00 to $28.50 in a research report on Tuesday, December 15th. KeyCorp started coverage on shares of VICI Properties in a research report on Monday, March 22nd. They set a “sector weight” rating on the stock. Zacks Investment Research downgraded shares of VICI Properties from a “buy” rating to a “hold” rating in a research report on Friday, January 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of VICI Properties from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, February 22nd. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $27.78.
Shares of NYSE VICI opened at $29.15 on Thursday. The firm has a fifty day moving average price of $28.33 and a 200-day moving average price of $25.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 6.84 and a quick ratio of 6.84. The stock has a market cap of $15.65 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. VICI Properties Inc. has a 1 year low of $13.97 and a 1 year high of $29.87.
VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 18th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. VICI Properties had a net margin of 64.43% and a return on equity of 7.59%. On average, research analysts expect that VICI Properties Inc. will post 1.64 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 8th. Investors of record on Thursday, March 25th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, March 24th. This represents a $1.32 annualized dividend and a yield of 4.53%. VICI Properties’s payout ratio is 89.19%.
VICI Properties Company Profile
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.
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