ProShare Advisors LLC Boosts Stock Position in VICI Properties Inc. (NYSE:VICI)

ProShare Advisors LLC grew its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 37.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,905 shares of the company's stock after acquiring an additional 66,158 shares during the period. ProShare Advisors LLC's holdings in VICI Properties were worth $7,124,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC bought a new position in shares of VICI Properties in the fourth quarter worth $28,000. CoreCap Advisors LLC increased its holdings in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after purchasing an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in shares of VICI Properties in the fourth quarter worth $33,000. Finally, Quarry LP increased its holdings in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after purchasing an additional 897 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research analyst reports. Truist Financial upped 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. Barclays upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Wells Fargo & Company upped 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. JMP Securities reissued a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Finally, Stifel Nicolaus lifted their price target on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $35.18.

VICI Properties Price Performance

Shares of VICI Properties stock traded up $0.29 during trading on Friday, hitting $31.49. 5,210,319 shares of the stock traded hands, compared to its average volume of 6,005,751. The firm's fifty day moving average is $31.67 and its 200-day moving average is $31.05. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The stock has a market cap of $33.28 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 3.88 and a beta of 0.74. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. During the same period last year, the firm earned $0.56 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.49%. VICI Properties's dividend payout ratio (DPR) is currently 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.