William Blair Investment Management LLC Boosts Stake in VICI Properties Inc. (NYSE:VICI)

William Blair Investment Management LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,224 shares of the company’s stock after purchasing an additional 712 shares during the period. William Blair Investment Management LLC’s holdings in VICI Properties were worth $211,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Atria Wealth Solutions Inc. increased its position in shares of VICI Properties by 145.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock valued at $1,189,000 after acquiring an additional 24,159 shares during the period. Oxbow Advisors LLC purchased a new stake in VICI Properties in the fourth quarter worth about $3,817,000. CHURCHILL MANAGEMENT Corp boosted its position in VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after acquiring an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of VICI Properties by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after acquiring an additional 40,733 shares during the period. Finally, Border to Coast Pensions Partnership Ltd raised its position in shares of VICI Properties by 40.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after acquiring an additional 130,000 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Mizuho cut their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Barclays boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus raised their price target on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $32.38 on Thursday. The firm has a 50 day moving average of $30.71 and a 200 day moving average of $31.45. The firm has a market capitalization of $34.20 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.34%. VICI Properties’s payout ratio is 67.58%.

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.