Oppenheimer Asset Management Inc. Grows Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Oppenheimer Asset Management Inc. increased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 610,909 shares of the company's stock after purchasing an additional 43,357 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.06% of VICI Properties worth $19,928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VICI. Norges Bank bought a new position in VICI Properties during the 4th quarter worth approximately $419,932,000. Northern Trust Corp boosted its stake in shares of VICI Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after purchasing an additional 3,298,314 shares during the period. Mackenzie Financial Corp boosted its stake in shares of VICI Properties by 2,437.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after purchasing an additional 3,255,078 shares during the period. Capital World Investors grew its holdings in shares of VICI Properties by 11.4% in the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after purchasing an additional 2,903,744 shares during the last quarter. Finally, Man Group plc increased its stake in shares of VICI Properties by 65.0% in the fourth quarter. Man Group plc now owns 4,353,981 shares of the company's stock worth $127,180,000 after buying an additional 1,715,194 shares during the period. 97.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VICI has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Stifel Nicolaus raised their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Truist Financial boosted their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Finally, Robert W. Baird lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.42.

VICI Properties Stock Down 0.0%

VICI Properties stock traded down $0.02 during trading hours on Thursday, hitting $32.25. 5,841,032 shares of the stock traded hands, compared to its average volume of 5,948,751. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29. The firm's 50-day moving average price is $31.96 and its two-hundred day moving average price is $31.08. 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 company has a market cap of $34.07 billion, a PE ratio of 12.90, a PEG ratio of 2.99 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $984.20 million for the quarter, compared to analyst estimates 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 was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. On average, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Wednesday, June 18th. VICI Properties's dividend payout ratio is presently 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.