Adams Diversified Equity Fund Inc. Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Adams Diversified Equity Fund Inc. bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 338,200 shares of the company's stock, valued at approximately $11,032,000.

A number of other hedge funds have also recently modified their holdings of the business. D.A. Davidson & CO. grew its stake in shares of VICI Properties by 3.2% during the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock valued at $321,000 after buying an additional 340 shares during the last quarter. Carret Asset Management LLC grew its stake in shares of VICI Properties by 0.5% during the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock valued at $2,034,000 after buying an additional 354 shares during the last quarter. Moran Wealth Management LLC grew its stake in shares of VICI Properties by 0.9% during the first quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock valued at $1,324,000 after buying an additional 360 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of VICI Properties by 3.1% during the fourth quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock valued at $369,000 after buying an additional 378 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of VICI Properties by 0.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company's stock valued at $2,042,000 after buying an additional 408 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 0.1%

Shares of NYSE:VICI opened at $32.84 on Wednesday. The business's 50 day moving average is $31.97 and its 200 day moving average is $31.07. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. The stock has a market cap of $34.70 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last posted its 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 analyst estimates of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. VICI Properties's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. Sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders 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 yield of 5.27%. VICI Properties's dividend payout ratio is currently 69.20%.

Analysts Set New Price Targets

A number of research analysts have recently commented on VICI shares. Mizuho upped their target price on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Robert W. Baird increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Barclays increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Stifel Nicolaus increased their price objective on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Truist Financial increased their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.42.

VICI Properties 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.

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