Crestline Management LP Takes Position in VICI Properties Inc. (NYSE:VICI)

Crestline Management LP purchased a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 69,525 shares of the company's stock, valued at approximately $2,031,000.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in VICI Properties during the 3rd quarter valued at about $125,000. Czech National Bank boosted its stake in shares of VICI Properties by 7.1% during the fourth quarter. Czech National Bank now owns 228,566 shares of the company's stock valued at $6,676,000 after purchasing an additional 15,246 shares in the last quarter. Brookstone Capital Management purchased a new position in VICI Properties during the fourth quarter valued at approximately $359,000. Capital Investment Advisors LLC increased its holdings in VICI Properties by 22.5% during the fourth quarter. Capital Investment Advisors LLC now owns 339,067 shares of the company's stock valued at $9,904,000 after buying an additional 62,307 shares during the period. Finally, Miracle Mile Advisors LLC bought a new position in shares of VICI Properties in the 4th quarter worth $263,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VICI. Barclays raised their price objective on 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. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Truist Financial raised their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.07.

VICI Properties Stock Performance

VICI Properties stock traded up $0.31 during trading hours on Friday, hitting $31.89. 4,477,494 shares of the stock traded hands, compared to its average volume of 5,996,901. The firm's 50 day moving average price is $31.81 and its 200-day moving average price is $31.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $33.70 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the prior year, the company earned $0.56 EPS. VICI Properties's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend was Thursday, March 20th. 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.