Los Angeles Capital Management LLC Has $18.48 Million Stake in VICI Properties Inc. (NYSE:VICI)

Los Angeles Capital Management LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 34.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 566,441 shares of the company's stock after buying an additional 146,530 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.05% of VICI Properties worth $18,477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VICI. Wealth Quarterback LLC bought a new position in shares of VICI Properties in the first quarter worth $230,000. Wealth Alliance LLC bought a new stake in shares of VICI Properties during the first quarter valued at approximately $382,000. Lindbrook Capital LLC increased its position in shares of VICI Properties by 187.8% during the first quarter. Lindbrook Capital LLC now owns 11,469 shares of the company's stock valued at $374,000 after acquiring an additional 7,484 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in VICI Properties by 6.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 81,307 shares of the company's stock worth $2,652,000 after purchasing an additional 4,720 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in VICI Properties by 84.8% in the first quarter. IFP Advisors Inc now owns 3,264 shares of the company's stock worth $106,000 after purchasing an additional 1,498 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of research reports. Truist Financial lifted their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Robert W. Baird raised their price objective 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. Morgan Stanley lifted their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Mizuho upped their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.38.

VICI Properties Price Performance

VICI stock traded down $0.16 during trading on Monday, hitting $32.74. The company had a trading volume of 5,134,795 shares, compared to its average volume of 5,888,988. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $34.59 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 4.22 and a beta of 0.70. The business has a 50 day moving average of $32.28 and a 200 day moving average of $31.48.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. As a group, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.28%. VICI Properties's dividend 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.