Miller Howard Investments Inc. NY Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Miller Howard Investments Inc. NY bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,015,640 shares of the company's stock, valued at approximately $65,750,000. VICI Properties comprises approximately 2.1% of Miller Howard Investments Inc. NY's investment portfolio, making the stock its 13th biggest holding. Miller Howard Investments Inc. NY owned approximately 0.19% of VICI Properties as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Carret Asset Management LLC boosted its stake in VICI Properties by 0.5% during the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock valued at $2,034,000 after purchasing an additional 354 shares during the period. Moran Wealth Management LLC increased its position in VICI Properties by 0.9% in the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock valued at $1,324,000 after acquiring an additional 360 shares during the period. Benjamin Edwards Inc. increased its position in VICI Properties by 3.1% in the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock valued at $369,000 after acquiring an additional 378 shares during the period. DAVENPORT & Co LLC raised its stake in VICI Properties by 3.9% during the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock valued at $347,000 after acquiring an additional 403 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of VICI Properties by 0.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company's stock valued at $2,042,000 after purchasing an additional 408 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Truist Financial increased their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Stifel Nicolaus boosted their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Mizuho upped their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Finally, Robert W. Baird lifted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.42.

VICI Properties Price Performance

Shares of VICI traded up $0.02 during trading hours on Thursday, hitting $33.33. 2,842,812 shares of the company were exchanged, compared to its average volume of 5,936,450. The firm has a fifty day simple moving average of $32.00 and a 200-day simple moving average of $31.14. The company has a market capitalization of $35.22 billion, a PE ratio of 13.33, a PEG ratio of 3.83 and a beta of 0.70. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53.

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

VICI Properties Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.19%. VICI Properties's payout ratio is 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.