GAMMA Investing LLC Buys 402,932 Shares of VICI Properties Inc. (NYSE:VICI)

GAMMA Investing LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2,881.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 416,916 shares of the company's stock after buying an additional 402,932 shares during the period. GAMMA Investing LLC's holdings in VICI Properties were worth $12,781,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. D.A. Davidson & CO. lifted its position in shares of VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock valued at $321,000 after acquiring an additional 340 shares during the period. Carret Asset Management LLC grew its stake in VICI Properties by 0.5% in the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock worth $2,034,000 after acquiring an additional 354 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in VICI Properties by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after acquiring an additional 372 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of VICI Properties by 3.1% in the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock valued at $369,000 after purchasing an additional 378 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock valued at $357,000 after purchasing an additional 391 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Mizuho boosted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Robert W. Baird boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and an average price target of $35.18.

VICI Properties Trading Up 0.1%

VICI traded up $0.02 during mid-day trading on Friday, reaching $31.47. The stock had a trading volume of 3,903,862 shares, compared to its average volume of 5,939,521. The stock has a market capitalization of $33.25 billion, a P/E ratio of 12.29, a P/E/G ratio of 3.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm's fifty day simple moving average is $31.58 and its two-hundred day simple moving average is $31.06. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29.

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 (EPS) 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 business had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. During the same period last year, the company earned $0.56 EPS. The firm's revenue was up 3.4% on a year-over-year basis. On average, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently declared 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. This represents a $1.73 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's payout ratio is currently 69.20%.

VICI Properties Company 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.