HB Wealth Management LLC Invests $377,000 in VICI Properties Inc. (NYSE:VICI)

Key Points

• HB Wealth Management LLC has invested approximately $377,000 in VICI Properties, acquiring 11,544 shares in the first quarter of the year.
• VICI Properties recently announced a quarterly dividend of $0.4325 per share, yielding 5.2% annually, with a payout ratio of 66.28%.
• Analysts are optimistic about VICI Properties, as evidenced by multiple target price upgrades, with a consensus target of $35.40 and an average rating of "Moderate Buy."

HB Wealth Management LLC acquired a new position in VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,544 shares of the company's stock, valued at approximately $377,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blackhawk Capital Partners LLC. increased its position in shares of VICI Properties by 102.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after acquiring an additional 9,967 shares during the last quarter. DigitalBridge Group Inc. purchased a new stake in shares of VICI Properties during the fourth quarter valued at approximately $4,282,000. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of VICI Properties during the first quarter valued at approximately $2,170,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of VICI Properties during the fourth quarter valued at approximately $2,773,000. Finally, Columbus Macro LLC increased its position in shares of VICI Properties by 7.8% during the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after acquiring an additional 8,967 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

VICI Properties stock opened at $33.10 on Friday. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29. The business has a fifty day moving average price of $32.57 and a 200-day moving average price of $31.73. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 2.53. The firm has a market capitalization of $34.98 billion, a P/E ratio of 12.68, a PEG ratio of 4.22 and a beta of 0.68.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. During the same period last year, the company earned $0.57 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is presently 66.28%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of research analyst reports. JMP Securities set a $35.00 price target on VICI Properties in a research report on Tuesday, July 22nd. Stifel Nicolaus raised their target price on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday. Robert W. Baird raised their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, Morgan Stanley raised their target price on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $35.40.

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.

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