Donoghue Forlines LLC Acquires Shares of 45,341 VICI Properties Inc. (NYSE:VICI)

Key Points

• Donoghue Forlines LLC invested approximately $1.48 million in VICI Properties Inc., acquiring 45,341 shares during the first quarter.
• Institutional investors hold 97.71% of VICI's stock, with multiple firms increasing their holdings significantly in the same quarter.
• A number of analysts have a consensus rating of "Moderate Buy" for VICI Properties, with an average target price of $35.40.

Donoghue Forlines LLC purchased a new stake in 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 fund purchased 45,341 shares of the company's stock, valued at approximately $1,479,000.

Other large investors have also modified their holdings of the company. Transce3nd LLC purchased a new position in shares of VICI Properties in the 4th quarter worth approximately $28,000. Wayfinding Financial LLC purchased a new stake in VICI Properties during the 1st quarter worth approximately $29,000. CoreCap Advisors LLC grew its position in VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the last quarter. Quarry LP grew its position in VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after purchasing an additional 897 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in VICI Properties by 362.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after purchasing an additional 786 shares during the last quarter. Institutional investors own 97.71% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of 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 boosted their target price on shares of 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 target price on shares of VICI Properties in a research report on Tuesday, July 22nd. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Truist Financial boosted their target price on shares of 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 given a buy rating to the company's stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and an average price target of $35.40.

VICI Properties Stock Performance

Shares of VICI stock traded up $0.12 during trading hours on Tuesday, hitting $32.94. The company's stock had a trading volume of 6,122,768 shares, compared to its average volume of 6,777,536. The company has a 50 day moving average of $32.76 and a 200 day moving average of $31.92. The stock has a market cap of $35.12 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68. The company has a current ratio of 1.74, a quick ratio of 1.74 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.

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

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.3%. The ex-dividend date was Wednesday, June 18th. 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.