Oppenheimer & Co. Inc. Grows Position in VICI Properties Inc. (NYSE:VICI)

Oppenheimer & Co. Inc. increased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 27.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,812 shares of the company's stock after acquiring an additional 16,393 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in VICI Properties were worth $2,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its stake in shares of VICI Properties by 7.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 610,909 shares of the company's stock worth $19,928,000 after acquiring an additional 43,357 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in VICI Properties by 7.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 244,767 shares of the company's stock worth $7,984,000 after purchasing an additional 17,297 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of VICI Properties in the first quarter worth about $999,000. Synergy Asset Management LLC raised its position in shares of VICI Properties by 11,715.5% in the first quarter. Synergy Asset Management LLC now owns 45,608 shares of the company's stock valued at $1,488,000 after purchasing an additional 45,222 shares during the period. Finally, Heartland Bank & Trust Co lifted its stake in shares of VICI Properties by 19.8% during the 1st quarter. Heartland Bank & Trust Co now owns 13,669 shares of the company's stock valued at $446,000 after buying an additional 2,256 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Mizuho boosted 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. Barclays upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and an average price target of $35.42.

VICI Properties Price Performance

NYSE:VICI traded up $0.32 during midday trading on Monday, hitting $32.60. The company had a trading volume of 6,433,888 shares, compared to its average volume of 5,943,113. The company has a market capitalization of $34.45 billion, a PE ratio of 13.04, a P/E/G ratio of 2.99 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. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The stock's fifty day moving average price is $31.97 and its 200-day moving average price is $31.10.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The firm 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 company's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 EPS. As a group, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.31%. VICI Properties's payout ratio is 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.