Envestnet Asset Management Inc. Purchases 807,979 Shares of VICI Properties Inc. (NYSE:VICI)

Envestnet Asset Management Inc. lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 9.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,974,560 shares of the company's stock after buying an additional 807,979 shares during the period. Envestnet Asset Management Inc. owned about 0.85% of VICI Properties worth $292,750,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Transce3nd LLC acquired a new position in VICI Properties in the 4th quarter worth about $28,000. Wayfinding Financial LLC acquired a new position in VICI Properties in the 1st quarter worth about $29,000. CoreCap Advisors LLC increased its holdings in 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 purchasing an additional 1,000 shares in the last quarter. Quarry LP increased its holdings in 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 purchasing an additional 897 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in 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 purchasing an additional 786 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Up 2.1%

Shares of VICI Properties stock traded up $0.70 on Thursday, hitting $33.65. 3,254,810 shares of the company's stock traded hands, compared to its average volume of 6,850,878. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The company has a fifty day moving average of $32.07 and a two-hundred day moving average of $31.25. The company has a market capitalization of $35.55 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 3.79 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 EPS for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. During the same quarter in the prior year, the company earned $0.56 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given 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 5.14%. VICI Properties's payout ratio is 69.20%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VICI shares. Stifel Nicolaus upped their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Truist Financial upped their target price on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Morgan Stanley upped their target price on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday. Robert W. Baird upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Mizuho increased their price target on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.38.

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.