Cetera Investment Advisers Buys 21,441 Shares of VICI Properties Inc. (NYSE:VICI)

Key Points

• Cetera Investment Advisers increased its holdings in VICI Properties by 10.8% during the first quarter, acquiring an additional 21,441 shares to reach a total of 220,614 shares, valued at approximately $7.2 million.
• Analysts are generally optimistic on VICI Properties, with nine out of twelve issuing buy ratings and a consensus price target of $35.40, while recent ratings adjustments have increased their price target to as high as $38.00.
• VICI Properties recently declared a quarterly dividend with a payout of $0.4325 per share, yielding about 5.2%, reflecting a dividend payout ratio of 66.28%.

Cetera Investment Advisers grew its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 10.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 220,614 shares of the company's stock after purchasing an additional 21,441 shares during the quarter. Cetera Investment Advisers' holdings in VICI Properties were worth $7,196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital Research Global Investors boosted its position in shares of VICI Properties by 1.8% during the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after acquiring an additional 984,421 shares during the last quarter. Capital World Investors boosted its position in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after acquiring an additional 2,903,744 shares during the last quarter. Invesco Ltd. boosted its position in shares of VICI Properties by 5.4% during the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after acquiring an additional 692,092 shares during the last quarter. Northern Trust Corp boosted its position in shares of VICI Properties by 37.3% during the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after acquiring an additional 3,298,314 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of VICI Properties by 9.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,974,560 shares of the company's stock valued at $292,750,000 after acquiring an additional 807,979 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on VICI shares. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Morgan Stanley raised their price target on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Robert W. Baird raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. JMP Securities set a $35.00 price target on VICI Properties in a research report on Tuesday, July 22nd. Finally, Truist Financial raised their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.40.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $33.10 on Friday. The firm has a market cap of $34.98 billion, a P/E ratio of 12.68, a P/E/G ratio of 4.22 and a beta of 0.68. The company has a current ratio of 1.74, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29. The stock's fifty day moving average price is $32.57 and its 200-day moving average price is $31.73.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 5.2%. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.

VICI Properties 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.

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