Baird Financial Group Inc. Purchases 122,557 Shares of VICI Properties Inc. (NYSE:VICI)

Baird Financial Group Inc. raised its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,554,458 shares of the company's stock after buying an additional 122,557 shares during the quarter. Baird Financial Group Inc. owned about 0.15% of VICI Properties worth $45,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VICI. Transce3nd LLC bought a new position in shares of VICI Properties in the fourth quarter worth approximately $28,000. Venturi Wealth Management LLC lifted its holdings 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 worth $32,000 after acquiring an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new position in VICI Properties in the fourth quarter worth $33,000. Quarry LP increased its stake in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in VICI Properties during the fourth quarter valued at about $40,000. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Robert W. Baird increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday. Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Stifel Nicolaus increased their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Finally, Mizuho raised their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $35.07.

VICI Properties Trading Up 0.4 %

NYSE VICI opened at $31.65 on Monday. The stock has a market cap of $33.44 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The stock has a 50 day simple moving average of $31.88 and a two-hundred day simple moving average of $31.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 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 analyst estimates of $976.51 million. During the same quarter last year, the firm posted $0.56 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis. On average, analysts forecast 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 was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.47%. VICI Properties's payout ratio 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.

Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.