Burling Wealth Partners LLC Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Burling Wealth Partners LLC bought a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 96,538 shares of the company's stock, valued at approximately $2,820,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Transce3nd LLC bought a new stake in shares of VICI Properties in the fourth quarter valued at approximately $28,000. Venturi Wealth Management LLC lifted its position 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 acquiring an additional 431 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the 4th quarter worth $33,000. Whipplewood Advisors LLC bought a new position in shares of VICI Properties in the fourth quarter worth $40,000. Finally, Cromwell Holdings LLC increased its holdings in VICI Properties by 31.3% in the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock valued at $61,000 after buying an additional 494 shares during the period. Institutional investors own 97.71% of the company's stock.

VICI Properties Trading Down 0.7 %

Shares of VICI traded down $0.23 during trading hours on Monday, hitting $32.00. The company had a trading volume of 1,793,269 shares, compared to its average volume of 6,005,493. The firm has a market cap of $33.81 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The stock's 50 day moving average price is $31.84 and its 200 day moving average price is $31.14. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The firm had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.41%. VICI Properties's dividend payout ratio is presently 67.58%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VICI shares. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Stifel Nicolaus upped their target price on shares of VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Barclays raised their price target 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. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Finally, Truist Financial lifted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $34.93.

VICI Properties Company 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.