Pinion Investment Advisors LLC Raises Stock Position in VICI Properties Inc. (NYSE:VICI)

Pinion Investment Advisors LLC raised its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 118.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,532 shares of the company's stock after acquiring an additional 21,460 shares during the period. Pinion Investment Advisors LLC's holdings in VICI Properties were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of VICI. Transce3nd LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth about $28,000. CoreCap Advisors LLC boosted its stake in shares of 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 buying an additional 1,000 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth about $33,000. Finally, Quarry LP boosted its stake in shares of 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 buying an additional 897 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VICI shares. Barclays increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Wells Fargo & Company increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Mizuho increased their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Stifel Nicolaus increased 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. Finally, Truist Financial increased their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.18.

VICI Properties Price Performance

VICI Properties stock traded down $0.49 during mid-day trading on Friday, reaching $32.10. The company had a trading volume of 5,540,314 shares, compared to its average volume of 5,949,122. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $33.92 billion, a P/E ratio of 12.54, a P/E/G ratio of 3.88 and a beta of 0.70. The stock's 50-day simple moving average is $31.74 and its 200-day simple moving average is $31.05.

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 for the quarter, hitting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. During the same period last year, the company posted $0.56 EPS. The company's revenue was up 3.4% on a year-over-year basis. On average, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders 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 5.39%. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

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.