VICI Properties Inc. $VICI Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 12.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,919 shares of the company’s stock after purchasing an additional 20,818 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in VICI Properties were worth $6,291,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in VICI Properties by 2.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock valued at $113,051,000 after purchasing an additional 81,300 shares during the last quarter. D.A. Davidson & CO. grew its holdings in VICI Properties by 85.3% in the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock valued at $669,000 after buying an additional 9,451 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of VICI Properties by 5.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock valued at $77,638,000 after acquiring an additional 122,796 shares during the last quarter. Swedbank AB lifted its holdings in shares of VICI Properties by 4.0% during the 3rd quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock worth $158,965,000 after acquiring an additional 188,690 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of VICI Properties in the second quarter worth approximately $4,972,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on VICI. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Scotiabank downgraded VICI Properties from a “sector outperform” rating to a “sector perform” rating and set a $30.00 price objective for the company. in a report on Friday. Mizuho cut their target price on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Evercore ISI reissued an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Finally, Cantor Fitzgerald set a $33.00 price target on VICI Properties in a research note on Monday, January 5th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.85.

VICI Properties Stock Performance

NYSE:VICI opened at $28.07 on Friday. The firm’s fifty day simple moving average is $28.22 and its 200 day simple moving average is $30.70. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a twelve month low of $27.48 and a twelve month high of $34.03. The firm has a market capitalization of $30.00 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 2.80 and a beta of 0.70.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm earned $0.57 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s dividend payout ratio is currently 68.70%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.