Linden Thomas Advisory Services LLC Boosts Stake in VICI Properties Inc. (NYSE:VICI)

Linden Thomas Advisory Services LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,877 shares of the company's stock after purchasing an additional 7,804 shares during the quarter. VICI Properties comprises about 0.5% of Linden Thomas Advisory Services LLC's investment portfolio, making the stock its 28th largest holding. Linden Thomas Advisory Services LLC's holdings in VICI Properties were worth $4,237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of VICI. Capital Research Global Investors increased its holdings in shares of VICI Properties by 1.8% in the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after purchasing an additional 984,421 shares during the period. Geode Capital Management LLC increased its holdings in shares of VICI Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after purchasing an additional 1,036,344 shares during the period. Capital World Investors increased its holdings in shares of VICI Properties by 11.4% in 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 during the period. Norges Bank acquired a new position in shares of VICI Properties in the 4th quarter valued at about $419,932,000. Finally, Invesco Ltd. increased its holdings in shares of VICI Properties by 5.4% in the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after purchasing an additional 692,092 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on VICI shares. Robert W. Baird boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Mizuho increased their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Truist Financial increased their price objective on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Morgan Stanley increased their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Stifel Nicolaus increased their price objective on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of "Moderate Buy" and an average target price of $35.38.

VICI Properties Price Performance

VICI traded down $0.20 during trading on Friday, reaching $33.43. 6,933,471 shares of the company were exchanged, compared to its average volume of 5,950,194. The company has a market cap of $35.33 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 3.78 and a beta of 0.70. 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 company's 50-day moving average is $32.11 and its two-hundred day moving average is $31.29. 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 earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. The company had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. Research analysts forecast 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 was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were given a dividend of $0.4325 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.17%. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

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.