Pendal Group Ltd Boosts Holdings in VICI Properties Inc (VICI)

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Pendal Group Ltd boosted its stake in VICI Properties Inc (NYSE:VICI) by 19.5% in the third quarter, HoldingsChannel.com reports. The firm owned 94,400 shares of the company’s stock after buying an additional 15,400 shares during the period. Pendal Group Ltd’s holdings in VICI Properties were worth $2,041,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America bought a new position in shares of VICI Properties in the second quarter valued at $7,269,000. Legal & General Group Plc lifted its stake in shares of VICI Properties by 18.0% in the second quarter. Legal & General Group Plc now owns 763,354 shares of the company’s stock valued at $15,756,000 after buying an additional 116,649 shares in the last quarter. BlackRock Inc. lifted its stake in shares of VICI Properties by 37.9% in the second quarter. BlackRock Inc. now owns 13,449,058 shares of the company’s stock valued at $277,589,000 after buying an additional 3,699,212 shares in the last quarter. First Quadrant L P CA bought a new position in shares of VICI Properties in the second quarter valued at $6,940,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of VICI Properties by 74.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 173,540 shares of the company’s stock valued at $3,504,000 after buying an additional 73,860 shares in the last quarter.

VICI opened at $21.70 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.13 and a quick ratio of 65.13. VICI Properties Inc has a fifty-two week low of $17.58 and a fifty-two week high of $22.99.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The company had revenue of $233.00 million for the quarter, compared to the consensus estimate of $225.38 million. On average, analysts expect that VICI Properties Inc will post 1.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 28th were given a dividend of $0.2875 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend was Thursday, September 27th.

A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of VICI Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Robert W. Baird assumed coverage on shares of VICI Properties in a research note on Wednesday, October 24th. They issued an “outperform” rating and a $26.00 price objective on the stock. Bank of America raised shares of VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, October 15th. Nomura assumed coverage on shares of VICI Properties in a research report on Wednesday, September 26th. They set a “buy” rating and a $29.00 price target on the stock. Finally, Credit Suisse Group assumed coverage on shares of VICI Properties in a research report on Tuesday, August 14th. They set an “outperform” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. VICI Properties presently has a consensus rating of “Hold” and a consensus target price of $23.23.

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About VICI Properties

VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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