Penserra Capital Management LLC Increases Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Penserra Capital Management LLC boosted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 79.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,245 shares of the company's stock after purchasing an additional 30,569 shares during the period. Penserra Capital Management LLC's holdings in VICI Properties were worth $2,257,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Transce3nd LLC bought a new position in shares of VICI Properties in the 4th quarter valued at about $28,000. Wayfinding Financial LLC acquired a new stake in VICI Properties during the first quarter worth approximately $29,000. CoreCap Advisors LLC lifted its position in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares during the last quarter. Quarry LP lifted its position in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after acquiring an additional 897 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after buying an additional 786 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Truist Financial boosted their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus lifted 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. Finally, 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 note on Tuesday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.38.

VICI Properties Stock Up 0.4%

VICI stock traded up $0.13 during trading on Tuesday, reaching $33.01. 6,715,074 shares of the stock were exchanged, compared to its average volume of 5,936,575. The firm has a market cap of $34.88 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 3.84 and a beta of 0.70. VICI Properties Inc. has a twelve month low of $27.54 and a twelve month high of $34.29. The firm's 50 day moving average is $32.03 and its 200 day moving average is $31.23. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62.

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

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.24%. The ex-dividend date is Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) 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.