Advisor Resource Council Invests $1.18 Million in VICI Properties Inc. (NYSE:VICI)

Advisor Resource Council purchased a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 38,271 shares of the company's stock, valued at approximately $1,180,000.

Other large investors have also modified their holdings of the company. Norges Bank bought a new position in VICI Properties in the 4th quarter worth about $419,932,000. Northern Trust Corp grew its holdings in VICI Properties by 37.3% in the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock worth $354,512,000 after buying an additional 3,298,314 shares in the last quarter. Mackenzie Financial Corp grew its holdings in VICI Properties by 2,437.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock worth $98,982,000 after buying an additional 3,255,078 shares in the last quarter. Capital World Investors increased its position in VICI Properties by 11.4% in the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after acquiring an additional 2,903,744 shares during the period. Finally, Man Group plc raised its stake in VICI Properties by 65.0% during the 4th quarter. Man Group plc now owns 4,353,981 shares of the company's stock valued at $127,180,000 after acquiring an additional 1,715,194 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Down 0.1%

Shares of VICI stock traded down $0.03 on Friday, reaching $32.30. 13,666,404 shares of the company's stock traded hands, compared to its average volume of 5,950,797. The company has a market capitalization of $34.13 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 2.99 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. The business's 50 day moving average price is $31.93 and its two-hundred day moving average price is $31.05.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The business had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same period in the prior year, the firm earned $0.56 earnings per share. The firm's revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's payout ratio is presently 69.20%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial raised their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Mizuho upped their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Finally, Robert W. Baird increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and a consensus price target of $35.42.

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.