Berkeley Capital Partners LLC Grows Position in VICI Properties Inc. (NYSE:VICI)

Berkeley Capital Partners LLC grew its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 10.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,856 shares of the company's stock after buying an additional 9,050 shares during the period. VICI Properties makes up 0.9% of Berkeley Capital Partners LLC's portfolio, making the stock its 18th biggest position. Berkeley Capital Partners LLC's holdings in VICI Properties were worth $3,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Proficio Capital Partners LLC bought a new position in shares of VICI Properties during the 4th quarter worth approximately $1,389,000. HighTower Advisors LLC grew its position in shares of VICI Properties by 1.8% in the 4th quarter. HighTower Advisors LLC now owns 105,638 shares of the company's stock valued at $3,086,000 after buying an additional 1,866 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of VICI Properties by 28.3% during the 4th quarter. Corient Private Wealth LLC now owns 204,410 shares of the company's stock valued at $5,964,000 after purchasing an additional 45,080 shares in the last quarter. Signaturefd LLC boosted its position in shares of VICI Properties by 8.2% during the 4th quarter. Signaturefd LLC now owns 17,973 shares of the company's stock valued at $525,000 after purchasing an additional 1,362 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of VICI Properties by 10.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 366,494 shares of the company's stock valued at $10,705,000 after purchasing an additional 34,321 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on VICI. Truist Financial increased their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Robert W. Baird lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Morgan Stanley upped their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Mizuho increased 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. Finally, Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and an average target price of $35.38.

VICI Properties Stock Up 0.2%

VICI Properties stock traded up $0.05 during mid-day trading on Friday, reaching $32.89. 6,091,798 shares of the company's stock were exchanged, compared to its average volume of 5,892,015. The company has a market cap of $34.76 billion, a P/E ratio of 13.16, a P/E/G ratio of 4.23 and a beta of 0.70. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. 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 company has a fifty day moving average of $32.28 and a 200-day moving average of $31.47.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The business had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. During the same period last year, the business earned $0.56 EPS. The company's revenue was up 3.4% on a year-over-year basis. Sell-side analysts expect 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 was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is 69.20%.

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.