Denali Advisors LLC Makes New $972,000 Investment in VICI Properties Inc. (NYSE:VICI)

Denali Advisors LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 29,811 shares of the company's stock, valued at approximately $972,000.

Several other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in VICI Properties during the 4th quarter valued at $28,000. Wayfinding Financial LLC bought a new position in shares of VICI Properties in the 1st quarter worth $29,000. CoreCap Advisors LLC raised its position in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Quarry LP raised its position in shares of VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after acquiring an additional 897 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after acquiring an additional 786 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

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

VICI Properties Stock Down 0.5%

NYSE VICI traded down $0.16 during mid-day trading on Monday, reaching $32.74. 5,134,207 shares of the company's stock traded hands, compared to its average volume of 5,888,984. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The company has a fifty day simple moving average of $32.28 and a 200-day simple moving average of $31.48. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. The company has a market cap of $34.59 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 4.22 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last announced 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 firm had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.28%. VICI Properties's payout ratio is presently 69.20%.

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.