Barnett & Company Inc. Grows Position in VICI Properties Inc. (NYSE:VICI)

Key Points

• Barnett & Company Inc. increased its stake in VICI Properties by 43.5%, acquiring 21,600 shares to hold a total of 71,250 shares, valuing their holdings at approximately $2.32 million.
• VICI Properties reported earnings of $0.60 per share, meeting expectations, and a quarterly revenue of $1 billion, surpassing analyst predictions.
• The company has recently declared a quarterly dividend of $0.4325, resulting in an annualized yield of 5.3%.

Barnett & Company Inc. raised its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 43.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,250 shares of the company's stock after buying an additional 21,600 shares during the period. VICI Properties comprises about 1.9% of Barnett & Company Inc.'s holdings, making the stock its 17th largest position. Barnett & Company Inc.'s holdings in VICI Properties were worth $2,324,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wayfinding Financial LLC bought a new stake in VICI Properties in the 1st quarter valued at about $29,000. Transce3nd LLC bought a new position in VICI Properties in the 4th quarter worth about $28,000. AdvisorNet Financial Inc boosted 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 valued at $33,000 after acquiring an additional 786 shares during the last quarter. CoreCap Advisors LLC increased 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 worth $30,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Avalon Trust Co purchased a new stake in VICI Properties in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VICI. Stifel Nicolaus raised their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Truist Financial upped their target price on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Morgan Stanley upped their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Robert W. Baird lifted their target price 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. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and an average target price of $35.40.

VICI Properties Trading Up 0.3%

Shares of NYSE:VICI traded up $0.10 during midday trading on Wednesday, hitting $32.97. 1,268,767 shares of the stock traded hands, compared to its average volume of 6,738,358. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $32.78 and its two-hundred day moving average is $31.93. The stock has a market capitalization of $35.15 billion, a PE ratio of 12.63, a P/E/G ratio of 3.29 and a beta of 0.68. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same quarter last year, the business posted $0.57 EPS. The business's revenue was up 4.6% on a year-over-year basis. As a group, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business 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 5.2%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.

About VICI Properties

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.