VICI Properties Inc. (NYSE:VICI) Stock Position Increased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 91.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 840,317 shares of the company's stock after purchasing an additional 401,584 shares during the quarter. Balyasny Asset Management L.P. owned 0.08% of VICI Properties worth $24,546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VICI. D.A. Davidson & CO. lifted its holdings 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 valued at $321,000 after acquiring an additional 340 shares in the last quarter. Carret Asset Management LLC raised its position in VICI Properties by 0.5% in 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 during the period. Sheaff Brock Investment Advisors LLC lifted its stake in shares of VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after purchasing an additional 372 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of VICI Properties by 3.1% in the fourth quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock worth $369,000 after buying an additional 378 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in shares of VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock valued at $357,000 after buying an additional 391 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on VICI. Barclays upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Robert W. Baird boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Finally, Mizuho increased their price target on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report 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 presently has an average rating of "Moderate Buy" and a consensus target price of $35.07.

VICI Properties Stock Performance

Shares of VICI traded up $0.31 during mid-day trading on Friday, hitting $31.89. The stock had a trading volume of 4,477,494 shares, compared to its average volume of 6,010,750. 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 market cap of $33.70 billion, a PE ratio of 12.46, a PEG 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 company's fifty day simple moving average is $31.81 and its two-hundred day simple moving average is $31.09.

VICI Properties (NYSE:VICI - Get Free Report) last released 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. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 5.42%. VICI Properties's payout ratio is currently 69.20%.

VICI Properties Profile

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.