Bogart Wealth LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 295,336.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,577 shares of the company's stock after acquiring an additional 221,502 shares during the quarter. Bogart Wealth LLC's holdings in VICI Properties were worth $7,228,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Blackhawk Capital Partners LLC. raised its position in VICI Properties by 102.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock worth $643,000 after purchasing an additional 9,967 shares in the last quarter. DigitalBridge Group Inc. bought a new position in shares of VICI Properties during the 4th quarter worth approximately $4,282,000. Gordian Capital Singapore Pte Ltd acquired a new stake in VICI Properties in the 4th quarter valued at $2,773,000. Columbus Macro LLC grew its position in VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after acquiring an additional 8,967 shares during the period. Finally, Capital Investment Advisors LLC grew its position in VICI Properties by 6.3% in the first quarter. Capital Investment Advisors LLC now owns 360,465 shares of the company's stock valued at $11,758,000 after acquiring an additional 21,398 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Trading Up 0.5%
VICI Properties stock traded up $0.16 during trading hours on Monday, reaching $33.58. 6,613,963 shares of the company's stock traded hands, compared to its average volume of 6,885,210. The firm has a market capitalization of $35.49 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 3.83 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29. The firm's 50 day moving average is $32.15 and its 200-day moving average is $31.34.
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 the consensus estimate 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 in the prior year, the business posted $0.56 earnings per share. VICI Properties's revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 69.20%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on VICI shares. Robert W. Baird boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Morgan Stanley raised their price target on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Truist Financial boosted 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. Mizuho raised 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. Finally, Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $35.38.
Get Our Latest Analysis on VICI Properties
About VICI Properties
(
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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