Man Group plc Increases Stake in VICI Properties Inc. (NYSE:VICI)

Man Group plc lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 65.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,353,981 shares of the company’s stock after buying an additional 1,715,194 shares during the period. Man Group plc’s holdings in VICI Properties were worth $127,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transce3nd LLC purchased a new position in VICI Properties in the 4th quarter worth approximately $28,000. CoreCap Advisors LLC lifted its stake in shares of VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of VICI Properties during the 4th quarter valued at $33,000. Finally, Quarry LP lifted its stake in VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after purchasing an additional 897 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VICI shares. Barclays upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Finally, Robert W. Baird upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.07.

VICI Properties Price Performance

Shares of VICI opened at $31.34 on Wednesday. The company has a market cap of $33.12 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $31.78 and a two-hundred day moving average of $31.06.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. VICI Properties’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.56 earnings per share. As a group, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.52%. VICI Properties’s dividend payout ratio (DPR) is 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.