Graypoint LLC Acquires Shares of 8,654 VICI Properties Inc. (NYSE:VICI)

Graypoint LLC purchased a new position in VICI Properties Inc. (NYSE:VICI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,654 shares of the company's stock, valued at approximately $282,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of VICI Properties during the 4th quarter valued at about $419,932,000. Northern Trust Corp boosted its stake in shares of VICI Properties by 37.3% during the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after purchasing an additional 3,298,314 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of VICI Properties by 2,437.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after purchasing an additional 3,255,078 shares in the last quarter. Capital World Investors boosted its stake in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after purchasing an additional 2,903,744 shares in the last quarter. Finally, Miller Howard Investments Inc. NY bought a new stake in shares of VICI Properties during the 1st quarter valued at about $65,750,000. Institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

NYSE VICI traded up $0.05 on Friday, reaching $32.89. The company had a trading volume of 6,091,798 shares, compared to its average volume of 5,892,015. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $34.76 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 4.23 and a beta of 0.70. The firm's 50 day moving average price is $32.28 and its 200 day moving average price is $31.47. 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 released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The business had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same quarter last year, the business earned $0.56 earnings per share. VICI Properties's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.26%. VICI Properties's dividend payout ratio (DPR) is currently 69.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VICI. Mizuho lifted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Morgan Stanley boosted their price objective 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, July 8th. Truist Financial boosted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, Robert W. Baird upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $35.38.

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.