VICI Properties Inc. (NYSE:VICI) Stake Raised by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 129,877 shares of the company's stock after acquiring an additional 7,804 shares during the period. VICI Properties comprises approximately 0.5% of Linden Thomas Advisory Services LLC's holdings, making the stock its 28th biggest holding. Linden Thomas Advisory Services LLC's holdings in VICI Properties were worth $4,237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VICI. Transce3nd LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at $28,000. Wayfinding Financial LLC purchased a new stake in VICI Properties during the 1st quarter worth $29,000. CoreCap Advisors LLC boosted its position in VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the period. Quarry LP boosted its position in VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after purchasing an additional 897 shares during the period. Finally, AdvisorNet Financial Inc boosted its position in VICI Properties by 362.2% during the 1st 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. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VICI shares. Robert W. Baird upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Mizuho upped their price target 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. 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 report on Tuesday. Finally, 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 report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and an average target price of $35.38.

VICI Properties Stock Up 1.4%

Shares of VICI Properties stock traded up $0.46 during trading on Thursday, reaching $33.41. The company had a trading volume of 2,083,486 shares, compared to its average volume of 5,933,996. The company has a market cap of $35.30 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 3.79 and a beta of 0.70. The firm's fifty day moving average is $32.07 and its 200-day moving average is $31.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. VICI Properties Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The firm had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. During the same quarter last year, the company posted $0.56 earnings per share. VICI Properties's revenue was up 3.4% on a year-over-year basis. On average, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.18%. VICI Properties's payout ratio is currently 69.20%.

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.