NewEdge Wealth LLC Has $24.49 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Key Points

• NewEdge Wealth LLC increased its holdings in VICI Properties by an impressive 3,115.8%, owning approximately 0.07% of the company valued at $24.49 million as of the latest SEC filing.
• Analysts remain positive on VICI Properties, with multiple firms raising their price targets; the current consensus price target is $35.40 and the stock holds an average rating of "Moderate Buy."
• VICI announced a quarterly dividend of $0.4325 per share, equating to an annualized dividend of $1.73 and a yield of 5.2%, highlighting its strong financial performance.

NewEdge Wealth LLC grew its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 3,115.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 750,818 shares of the company's stock after buying an additional 727,470 shares during the quarter. NewEdge Wealth LLC owned approximately 0.07% of VICI Properties worth $24,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wayfinding Financial LLC acquired a new position in shares of VICI Properties during the 1st quarter worth about $29,000. Transce3nd LLC acquired a new position in shares of VICI Properties during the 4th quarter worth about $28,000. AdvisorNet Financial Inc grew its position in shares of 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 buying an additional 786 shares during the period. CoreCap Advisors LLC grew its position in shares of 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 buying an additional 1,000 shares during the period. Finally, Avalon Trust Co acquired a new position in shares of VICI Properties during the 1st quarter worth about $35,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VICI has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Morgan Stanley boosted their price objective on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Truist Financial boosted 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. Finally, Stifel Nicolaus boosted their target price on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.40.

VICI Properties Stock Performance

NYSE:VICI opened at $33.10 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 1.74. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The firm has a market cap of $34.98 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 4.29 and a beta of 0.68. The business's fifty day moving average is $32.57 and its 200 day moving average is $31.75.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $991.59 million. During the same period in the previous year, the business earned $0.57 earnings per share. The firm's revenue was up 4.6% on a year-over-year basis. Research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.2%. VICI Properties's dividend payout ratio is presently 66.28%.

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.

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