Capital Investment Advisors LLC increased its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 360,465 shares of the company's stock after purchasing an additional 21,398 shares during the quarter. Capital Investment Advisors LLC's holdings in VICI Properties were worth $11,758,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VICI. Wedmont Private Capital purchased a new position in VICI Properties during the first quarter valued at approximately $214,000. UMB Bank n.a. grew its position in shares of VICI Properties by 29.6% during the 1st quarter. UMB Bank n.a. now owns 2,475 shares of the company's stock valued at $81,000 after purchasing an additional 565 shares in the last quarter. Intergy Private Wealth LLC bought a new position in shares of VICI Properties in the first quarter worth $222,000. Procyon Advisors LLC purchased a new stake in shares of VICI Properties in the first quarter worth $217,000. Finally, Chesley Taft & Associates LLC boosted its stake in VICI Properties by 17.5% during the first quarter. Chesley Taft & Associates LLC now owns 8,997 shares of the company's stock valued at $293,000 after buying an additional 1,342 shares during the period. 97.71% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on VICI shares. 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. Mizuho lifted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus boosted their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Barclays raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.18.
Read Our Latest Stock Analysis on VICI Properties
VICI Properties Stock Performance
VICI Properties stock opened at $31.47 on Friday. The firm has a fifty day simple moving average of $31.58 and a two-hundred day simple moving average of $31.05. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The company has a market capitalization of $33.25 billion, a PE ratio of 12.29, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.
VICI Properties (NYSE:VICI - Get Free Report) last issued its 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 company had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. VICI Properties's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS. Research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's payout ratio is 69.20%.
VICI Properties Profile
(
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.
Further Reading
Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider VICI Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VICI Properties wasn't on the list.
While VICI Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
