LDR Capital Management LLC Boosts Stake in VICI Properties Inc. (NYSE:VICI)

LDR Capital Management LLC raised its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,381 shares of the company's stock after buying an additional 7,812 shares during the quarter. VICI Properties comprises about 4.1% of LDR Capital Management LLC's holdings, making the stock its 7th largest position. LDR Capital Management LLC's holdings in VICI Properties were worth $3,372,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in VICI. Transce3nd LLC bought a new stake in shares of VICI Properties during the fourth quarter valued at about $28,000. AdvisorNet Financial Inc increased its holdings in shares of VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after purchasing an additional 786 shares during the period. CoreCap Advisors LLC increased its stake in VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC increased its stake in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after acquiring an additional 431 shares during the last quarter. Finally, Quarry LP increased its stake in VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after acquiring an additional 897 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

VICI stock opened at $32.28 on Wednesday. The firm's 50-day moving average price is $31.83 and its two-hundred day moving average price is $31.04. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The stock has a market capitalization of $34.11 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 2.98 and a beta of 0.70. 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 announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the previous year, the business earned $0.56 EPS. VICI Properties's 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.36%. The ex-dividend date is Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 69.20%.

Analysts Set New Price Targets

Several research analysts recently weighed in on VICI shares. Mizuho upped 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. 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. Truist Financial increased their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Finally, Robert W. Baird increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.18.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.