Cwm LLC Purchases 79,534 Shares of VICI Properties Inc. (NYSE:VICI)

Cwm LLC increased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 528.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,589 shares of the company's stock after buying an additional 79,534 shares during the period. Cwm LLC's holdings in VICI Properties were worth $3,085,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of VICI. Norges Bank bought a new stake in shares of VICI Properties during the 4th quarter valued at about $419,932,000. Northern Trust Corp grew its holdings 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 worth $354,512,000 after acquiring an additional 3,298,314 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of VICI Properties by 2,437.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after buying an additional 3,255,078 shares in the last quarter. Capital World Investors increased its stake in shares of VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after purchasing an additional 2,903,744 shares in the last quarter. Finally, Miller Howard Investments Inc. NY bought a new stake in VICI Properties during the 1st quarter valued at about $65,750,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

VICI Properties Stock Performance

Shares of VICI opened at $32.85 on Friday. The stock has a market capitalization of $34.71 billion, a P/E ratio of 13.14, a P/E/G ratio of 3.79 and a beta of 0.70. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The company's fifty day moving average is $32.26 and its two-hundred day moving average is $31.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53.

VICI Properties (NYSE:VICI - Get Free Report) last posted 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 business had revenue of $984.20 million for 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 quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. On average, sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.27%. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

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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