BNP Paribas Financial Markets Grows Stock Position in VICI Properties Inc. (NYSE:VICI)

BNP Paribas Financial Markets increased its holdings in VICI Properties Inc. (NYSE:VICI) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,143,006 shares of the company’s stock after buying an additional 469,776 shares during the quarter. BNP Paribas Financial Markets’ holdings in VICI Properties were worth $62,597,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in shares of VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after acquiring an additional 340 shares during the last quarter. Carret Asset Management LLC lifted its position in VICI Properties by 0.5% during the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock valued at $2,034,000 after purchasing an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after purchasing an additional 372 shares during the period. V Square Quantitative Management LLC increased its position in VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after buying an additional 391 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of VICI Properties by 0.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company’s stock worth $2,042,000 after buying an additional 408 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VICI shares. Mizuho increased their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Truist Financial upped their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $35.07.

VICI Properties Trading Down 1.1 %

Shares of VICI stock opened at $31.54 on Wednesday. The company has a market cap of $33.33 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The stock’s 50 day simple moving average is $31.86 and its two-hundred day simple moving average is $31.10. 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 (NYSE:VICI) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. During the same period last year, the company earned $0.56 earnings per share. VICI Properties’s revenue was up 3.4% on a year-over-year basis. Research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is currently 69.20%.

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.