Dynamic Advisor Solutions LLC purchased a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,927 shares of the company's stock, valued at approximately $324,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VICI. Transce3nd LLC acquired a new stake in shares of VICI Properties in the 4th quarter worth $28,000. CoreCap Advisors LLC lifted its stake in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC acquired a new position in shares of VICI Properties in the fourth quarter valued at approximately $33,000. Finally, Quarry LP increased its holdings 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 purchasing an additional 897 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on VICI shares. Truist Financial boosted their target price on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Mizuho boosted 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. Stifel Nicolaus boosted their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company boosted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Finally, Barclays increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.18.
Check Out Our Latest Analysis on VICI Properties
VICI Properties Stock Performance
NYSE VICI opened at $32.33 on Friday. The business's 50-day moving average price is $31.90 and its 200 day moving average price is $31.05. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The company has a market capitalization of $34.16 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 3.00 and a beta of 0.70. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62.
VICI Properties (NYSE:VICI - Get Free Report) last released its 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 return on equity of 9.88% and a net margin of 67.81%. The firm had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same period in the prior year, the business posted $0.56 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.35%. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.
VICI Properties Profile
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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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Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI - Free Report).
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