Picton Mahoney Asset Management Acquires 47,947 Shares of VICI Properties Inc. (NYSE:VICI)

Picton Mahoney Asset Management lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 141,020.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,981 shares of the company's stock after purchasing an additional 47,947 shares during the quarter. Picton Mahoney Asset Management's holdings in VICI Properties were worth $1,564,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Capital Research Global Investors increased its position in shares of VICI Properties by 1.8% in the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after buying an additional 984,421 shares in the last quarter. Geode Capital Management LLC increased its position in shares of VICI Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after buying an additional 1,036,344 shares in the last quarter. Capital World Investors boosted its stake in shares of VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after acquiring an additional 2,903,744 shares during the last quarter. Invesco Ltd. boosted its stake in shares of VICI Properties by 5.4% during the fourth quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock valued at $391,824,000 after acquiring an additional 692,092 shares during the last quarter. Finally, 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 acquiring an additional 3,298,314 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

VICI stock traded up $0.05 during trading on Thursday, reaching $32.58. 8,836,932 shares of the company's stock were exchanged, compared to its average volume of 6,780,322. The firm has a market cap of $34.42 billion, a PE ratio of 13.03, a P/E/G ratio of 4.22 and a beta of 0.70. The company's fifty day moving average price is $32.49 and its 200-day moving average price is $31.67. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. 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 announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.3%. VICI Properties's payout ratio is 66.28%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. 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. Morgan Stanley raised their price target on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Mizuho lifted their price target on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Robert W. Baird increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, JMP Securities set a $35.00 price objective on shares of VICI Properties in a report on Tuesday, July 22nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and an average price target of $35.40.

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.