Janney Montgomery Scott LLC Invests $17 Million in VICI Properties Inc. (NYSE:VICI)

Janney Montgomery Scott LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 520,999 shares of the company's stock, valued at approximately $16,995,000.

Other institutional investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its stake in VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock worth $1,189,000 after purchasing an additional 24,159 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in shares of VICI Properties in the fourth quarter worth $3,817,000. DigitalBridge Group Inc. bought a new stake in VICI Properties during the fourth quarter valued at $4,282,000. Atria Investments Inc boosted its stake in VICI Properties by 86.6% during the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company's stock valued at $1,441,000 after buying an additional 22,897 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in VICI Properties by 20.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company's stock worth $30,916,000 after buying an additional 180,961 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Trading Up 0.0%

Shares of VICI traded up $0.01 during mid-day trading on Thursday, reaching $32.33. The company's stock had a trading volume of 8,034,431 shares, compared to its average volume of 5,936,619. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The stock has a market cap of $34.16 billion, a PE ratio of 12.93, a P/E/G ratio of 3.00 and a beta of 0.70. The company's fifty day moving average price is $31.86 and its two-hundred day moving average price is $31.05. 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 (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting 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 the consensus estimate of $976.51 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business 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. This represents a $1.73 annualized dividend and a yield of 5.35%. The ex-dividend date is Wednesday, June 18th. VICI Properties's dividend payout ratio is presently 69.20%.

Analyst Upgrades and Downgrades

VICI has been the topic of several recent analyst reports. Truist Financial raised their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Robert W. Baird lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Barclays increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, VICI Properties presently has a consensus rating of "Moderate Buy" and an average target price of $35.18.

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.