VICI Properties Inc. (NYSE:VICI) Shares Bought by Plan Group Financial LLC

Key Points

• Plan Group Financial LLC increased its stake in VICI Properties Inc. by 39.5%, acquiring 12,886 additional shares, bringing its total holdings to 45,484 shares valued at approximately $1.48 million.
• The company reported $1 billion in revenue for the last quarter, achieving earnings per share of $0.60, meeting analysts' expectations.
• VICI Properties announced a quarterly dividend of $0.4325 per share, representing an annual yield of 5.1% and a payout ratio of 66.28%.

Plan Group Financial LLC lifted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 39.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,484 shares of the company's stock after purchasing an additional 12,886 shares during the quarter. Plan Group Financial LLC's holdings in VICI Properties were worth $1,484,000 as of its most recent filing with the SEC.

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

VICI Properties Stock Performance

Shares of VICI Properties stock traded up $0.06 during trading on Thursday, reaching $33.07. The company's stock had a trading volume of 6,725,999 shares, compared to its average volume of 6,300,185. The company has a 50-day moving average price of $32.71 and a two-hundred day moving average price of $31.84. The firm has a market cap of $35.27 billion, a PE ratio of 12.67, a P/E/G ratio of 3.30 and a beta of 0.68. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. On average, analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's payout ratio is presently 66.28%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VICI. JMP Securities set a $35.00 target price on VICI Properties in a research report on Tuesday, July 22nd. Robert W. Baird raised 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. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Truist Financial boosted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Morgan Stanley boosted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.40.

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.