Accurate Wealth Management LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 80,188 shares of the company's stock, valued at approximately $2,490,000.
Other institutional investors also recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in VICI Properties in the fourth quarter valued at about $28,000. CoreCap Advisors LLC lifted its holdings in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares during the period. Venturi Wealth Management LLC boosted its stake 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 buying an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties during the fourth quarter worth $33,000. Finally, Quarry LP grew its holdings in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after acquiring an additional 897 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.
VICI Properties Price Performance
VICI stock traded up $0.43 on Tuesday, reaching $32.45. The company had a trading volume of 4,478,007 shares, compared to its average volume of 5,929,373. The company's fifty day moving average is $31.58 and its 200 day moving average is $31.04. The company has a market cap of $34.28 billion, a P/E ratio of 12.67, a PEG ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29.
VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting analysts' consensus estimates of $0.58. The company had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business'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 firm posted $0.56 earnings per share. On average, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.33%. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.
Analyst Ratings Changes
A number of research firms have commented on VICI. Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Barclays raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Truist Financial upped their target price 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 lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Mizuho boosted their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $35.18.
View Our Latest Report on VICI Properties
VICI Properties Company 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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