Pallas Capital Advisors LLC Invests $290,000 in VICI Properties Inc. (NYSE:VICI)

Pallas Capital Advisors 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 8,884 shares of the company's stock, valued at approximately $290,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Transce3nd LLC bought a new stake in shares of VICI Properties in the fourth quarter valued at approximately $28,000. AdvisorNet Financial Inc boosted its position in shares of VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after acquiring an additional 786 shares during the period. CoreCap Advisors LLC boosted its position in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares during the period. Venturi Wealth Management LLC boosted its position in shares of VICI Properties by 64.1% in the fourth 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. Finally, Quarry LP boosted its position in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Robert W. Baird raised 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. Truist Financial lifted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Mizuho lifted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus lifted their target price 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and a consensus target price of $35.18.

VICI Properties Price Performance

NYSE:VICI traded down $0.49 on Friday, reaching $32.10. The stock had a trading volume of 5,540,314 shares, compared to its average volume of 5,949,122. The company has a market capitalization of $33.92 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29. 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 stock has a fifty day moving average price of $31.74 and a 200-day moving average price of $31.05.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. The firm had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share. Research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.39%. VICI Properties's payout ratio is 69.20%.

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.