Cerity Partners LLC Raises Stake in VICI Properties Inc. (NYSE:VICI)

Cerity Partners LLC grew its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,940 shares of the company's stock after acquiring an additional 15,020 shares during the period. Cerity Partners LLC's holdings in VICI Properties were worth $14,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in VICI Properties in the 1st quarter worth approximately $29,000. Transce3nd LLC bought a new position in shares of VICI Properties during the fourth quarter worth $28,000. AdvisorNet Financial Inc boosted its position in shares of VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after acquiring an additional 786 shares during the last quarter. CoreCap Advisors LLC grew its stake in VICI Properties by 5,555.6% during the fourth 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. Finally, Quarry LP increased its holdings in VICI Properties by 404.1% in the 4th 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.

VICI Properties Trading Up 0.5%

NYSE:VICI traded up $0.16 during midday trading on Monday, hitting $33.58. 6,613,963 shares of the company traded hands, compared to its average volume of 6,885,210. The firm has a market capitalization of $35.49 billion, a P/E ratio of 13.43, a P/E/G ratio of 3.83 and a beta of 0.70. The firm's fifty day moving average is $32.15 and its 200-day moving average is $31.34. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The business's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.56 EPS. On average, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.4325 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.15%. VICI Properties's dividend payout ratio is 69.20%.

Analyst Ratings Changes

Several research analysts have commented on VICI shares. Mizuho increased their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Morgan Stanley increased their price target on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Robert W. Baird lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Stifel Nicolaus increased 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. Finally, Truist Financial raised their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and a consensus target price of $35.38.

VICI Properties Company Profile

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.