Envestnet Asset Management Inc. Has $292.75 Million Position in VICI Properties Inc. (NYSE:VICI)

Envestnet Asset Management Inc. lifted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,974,560 shares of the company's stock after acquiring an additional 807,979 shares during the period. Envestnet Asset Management Inc. owned approximately 0.85% of VICI Properties worth $292,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. DigitalBridge Group Inc. bought a new position in shares of VICI Properties during the fourth quarter worth $4,282,000. Atria Investments Inc lifted its holdings in VICI Properties by 86.6% during the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company's stock worth $1,441,000 after acquiring an additional 22,897 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in VICI Properties by 20.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company's stock valued at $30,916,000 after acquiring an additional 180,961 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in VICI Properties in the fourth quarter valued at about $2,773,000. Finally, Columbus Macro LLC increased its holdings in shares of VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $4,044,000 after acquiring an additional 8,967 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VICI. Robert W. Baird lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Mizuho increased their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus boosted their price objective on shares of 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 upped 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 note on Tuesday. Finally, Truist Financial lifted their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. 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 an average rating of "Moderate Buy" and a consensus price target of $35.38.

VICI Properties Stock Down 0.2%

Shares of VICI Properties stock traded down $0.06 during trading hours on Wednesday, reaching $32.95. 6,627,721 shares of the company's stock were exchanged, compared to its average volume of 5,949,206. The stock has a market cap of $34.82 billion, a P/E ratio of 13.18, a P/E/G ratio of 3.79 and a beta of 0.70. The company has a 50 day moving average of $32.07 and a two-hundred day moving average of $31.25. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $34.29.

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

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.25%. VICI Properties's payout ratio is 69.20%.

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.