First Heartland Consultants Inc. Invests $326,000 in VICI Properties Inc. (NYSE:VICI)

Key Points

• First Heartland Consultants Inc. acquired 9,992 shares of VICI Properties, valued at approximately $326,000, during the 1st quarter.
• VICI Properties reported $984.20 million in revenue for the last quarter, surpassing analyst estimates, with earnings per share meeting the consensus at $0.58.
• Equities analysts have a consensus target price of $35.38 for VICI Properties, with the majority rating the stock as a "buy."

First Heartland Consultants Inc. bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,992 shares of the company's stock, valued at approximately $326,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VICI. Transce3nd LLC acquired a new position in VICI Properties during the 4th quarter valued at about $28,000. Wayfinding Financial LLC bought a new stake in shares of VICI Properties during the 1st quarter worth about $29,000. CoreCap Advisors LLC raised its position in shares of VICI Properties by 5,555.6% during 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 in the last quarter. Quarry LP raised its position in shares of VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after buying an additional 897 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of VICI Properties by 362.2% during 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 in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on VICI. Truist Financial boosted their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Robert W. Baird boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Mizuho boosted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. JMP Securities set a $35.00 price target on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Morgan Stanley boosted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and a consensus price target of $35.38.

VICI Properties Price Performance

Shares of NYSE VICI traded down $0.04 during midday trading on Friday, reaching $33.37. The company's stock had a trading volume of 5,275,681 shares, compared to its average volume of 5,428,289. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $32.46 and a 200 day moving average price of $31.61. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29. The company has a market cap of $35.27 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 4.28 and a beta of 0.70.

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. The business had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.18%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is currently 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.