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

Envestnet Asset Management Inc. raised its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 9.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,974,560 shares of the company's stock after purchasing an additional 807,979 shares during the period. Envestnet Asset Management Inc. owned about 0.85% of VICI Properties worth $292,750,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in VICI Properties in the 4th quarter worth about $28,000. Wayfinding Financial LLC purchased a new stake in shares of VICI Properties during the 1st quarter valued at about $29,000. CoreCap Advisors LLC grew its stake in VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after purchasing an additional 1,000 shares in the last quarter. Quarry LP grew its stake in VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after purchasing an additional 897 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted 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 valued at $33,000 after purchasing an additional 786 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

VICI Properties Price Performance

VICI stock traded down $0.20 during midday trading on Friday, reaching $33.43. 6,933,471 shares of the company's stock traded hands, compared to its average volume of 5,931,889. The company has a 50-day simple moving average of $32.15 and a two-hundred day simple moving average of $31.31. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The company has a market cap of $35.33 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 3.86 and a beta of 0.70. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The firm had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. During the same period last year, the firm posted $0.56 EPS. The business's revenue was up 3.4% on a year-over-year basis. On average, analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.17%. VICI Properties's payout ratio is 69.20%.

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.