Oppenheimer & Co. Inc. Has $2.51 Million Stake in VICI Properties Inc. (NYSE:VICI)

Oppenheimer & Co. Inc. raised its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 27.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,812 shares of the company's stock after purchasing an additional 16,393 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in VICI Properties were worth $2,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. DigitalBridge Group Inc. acquired a new stake in shares of VICI Properties in the fourth quarter valued at about $4,282,000. Atria Investments Inc increased its position in shares of VICI Properties by 86.6% in the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company's stock valued at $1,441,000 after acquiring an additional 22,897 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of VICI Properties by 20.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company's stock valued at $30,916,000 after acquiring an additional 180,961 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of VICI Properties in the fourth quarter valued at about $2,773,000. Finally, Capital Investment Advisors LLC increased its position in shares of VICI Properties by 6.3% in the first quarter. Capital Investment Advisors LLC now owns 360,465 shares of the company's stock valued at $11,758,000 after acquiring an additional 21,398 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Down 0.0%

Shares of NYSE:VICI opened at $32.25 on Friday. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The stock has a market cap of $34.07 billion, a PE ratio of 12.90, a P/E/G ratio of 2.99 and a beta of 0.70. The business has a 50 day moving average of $31.96 and a 200-day moving average of $31.08. 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 (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The business's revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast 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 will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.4325 per share. 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%.

Analyst Ratings Changes

A number of research firms recently commented on VICI. Wells Fargo & Company lifted 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 lifted their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Stifel Nicolaus lifted their price target on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Robert W. Baird lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Barclays lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.42.

VICI Properties Company 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.

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