Chilton Capital Management LLC Lowers Stock Position in VICI Properties Inc. (NYSE:VICI)

Chilton Capital Management LLC decreased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 200,630 shares of the company's stock after selling 15,081 shares during the quarter. Chilton Capital Management LLC's holdings in VICI Properties were worth $6,611,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. DigitalBridge Group Inc. purchased a new position in shares of VICI Properties during the fourth quarter worth about $4,282,000. Atria Investments Inc grew its holdings in shares of VICI Properties by 86.6% during the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company's stock worth $1,441,000 after buying an additional 22,897 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of VICI Properties by 20.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company's stock worth $30,916,000 after buying an additional 180,961 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of VICI Properties during the fourth quarter worth about $2,773,000. Finally, Columbus Macro LLC grew its holdings in shares of VICI Properties by 7.8% during the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $4,044,000 after buying an additional 8,967 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Truist Financial lifted their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Morgan Stanley lifted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Robert W. Baird lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $35.38.

VICI Properties Trading Up 0.7%

VICI stock traded up $0.23 during midday trading on Tuesday, hitting $33.11. The stock had a trading volume of 3,340,664 shares, compared to its average volume of 5,923,806. The firm has a market cap of $34.99 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 3.84 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. VICI Properties Inc. has a 12-month low of $27.54 and a 12-month high of $34.29. The company's 50-day moving average price is $32.03 and its 200 day moving average price is $31.23.

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

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.23%. VICI Properties's dividend payout ratio is presently 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.