Wealth Alliance LLC bought a new position in VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,717 shares of the company's stock, valued at approximately $382,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. Transce3nd LLC bought a new position in VICI Properties in the 4th quarter worth approximately $28,000. Wayfinding Financial LLC bought a new position in VICI Properties in the 1st quarter worth approximately $29,000. CoreCap Advisors LLC increased its position in VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after buying an additional 1,000 shares during the period. Quarry LP increased its position in VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after buying an additional 897 shares during the period. Finally, AdvisorNet Financial Inc increased its position in VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after buying an additional 786 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Price Performance
Shares of VICI stock opened at $32.74 on Tuesday. The stock's fifty day simple moving average is $32.28 and its 200 day simple moving average is $31.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The firm has a market cap of $34.59 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 4.22 and a beta of 0.70. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29.
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, meeting the consensus estimate of $0.58. The business had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. VICI Properties's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 EPS. On average, analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 69.20%.
Analyst Ratings Changes
Several research analysts have commented on VICI shares. Morgan Stanley lifted their price target on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Truist Financial lifted their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Robert W. Baird lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus lifted their price objective on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, JMP Securities set a $35.00 price objective on VICI Properties in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.38.
Read Our Latest Stock Report on VICI Properties
VICI Properties Profile
(
Free Report)
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.
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