DigitalBridge Group Inc. Buys Shares of 146,600 VICI Properties Inc. (NYSE:VICI)

DigitalBridge Group Inc. acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 146,600 shares of the company's stock, valued at approximately $4,282,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VICI. GF Fund Management CO. LTD. bought a new position in VICI Properties in the fourth quarter worth approximately $556,000. Gordian Capital Singapore Pte Ltd bought a new position in VICI Properties in the fourth quarter worth approximately $2,773,000. JT Stratford LLC boosted its holdings in VICI Properties by 1.7% in the fourth quarter. JT Stratford LLC now owns 35,356 shares of the company's stock worth $1,033,000 after acquiring an additional 583 shares in the last quarter. CSS LLC IL bought a new position in VICI Properties in the fourth quarter worth approximately $353,000. Finally, Ashford Capital Management Inc. boosted its holdings in VICI Properties by 6.6% in the fourth quarter. Ashford Capital Management Inc. now owns 211,860 shares of the company's stock worth $6,188,000 after acquiring an additional 13,050 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.9%

Shares of VICI stock traded up $0.28 during midday trading on Tuesday, reaching $31.75. 5,866,076 shares of the stock were exchanged, compared to its average volume of 6,005,192. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The company's 50 day moving average is $31.65 and its two-hundred day moving average is $31.05. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market cap of $33.55 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the prior year, the business posted $0.56 EPS. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.45%. VICI Properties's dividend payout ratio is 69.20%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VICI. Mizuho increased their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Barclays increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Robert W. Baird raised their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Finally, JMP Securities restated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Three equities 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.18.

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.