Capital Investment Advisors LLC Increases Position in VICI Properties Inc. (NYSE:VICI)

Capital Investment Advisors LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 360,465 shares of the company's stock after acquiring an additional 21,398 shares during the period. Capital Investment Advisors LLC's holdings in VICI Properties were worth $11,758,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Transce3nd LLC bought a new stake in shares of VICI Properties during the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC boosted its position in VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the 4th quarter worth $33,000. Finally, Quarry LP lifted its position in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on VICI. Wells Fargo & Company upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Stifel Nicolaus upped their target price on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Mizuho raised their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Truist Financial raised their price target 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. Finally, Robert W. Baird upped their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.18.

VICI Properties Trading Up 0.0%

Shares of VICI traded up $0.02 during mid-day trading on Wednesday, reaching $32.47. The stock had a trading volume of 7,660,121 shares, compared to its average volume of 5,934,667. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The firm has a market cap of $34.31 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 3.88 and a beta of 0.70. The business's fifty day moving average is $31.59 and its 200 day moving average is $31.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The business had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. On average, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a $0.4325 dividend. 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 5.33%. VICI Properties's dividend payout ratio is currently 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.