QRG Capital Management Inc. Purchases 122,204 Shares of VICI Properties Inc. (NYSE:VICI)

QRG Capital Management Inc. boosted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 63.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 314,363 shares of the company's stock after buying an additional 122,204 shares during the quarter. QRG Capital Management Inc.'s holdings in VICI Properties were worth $10,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in VICI Properties during the 4th quarter valued at $28,000. CoreCap Advisors LLC raised its holdings in VICI Properties by 5,555.6% during the 4th 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 during the last quarter. Venturi Wealth Management LLC raised its holdings in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after buying an additional 431 shares during the last quarter. Kestra Investment Management LLC bought a new stake in VICI Properties during the 4th quarter valued at $33,000. Finally, Quarry LP raised its holdings in VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after buying an additional 897 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VICI has been the subject of several research reports. Wells Fargo & Company upped their price objective 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. Truist Financial upped their price objective 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. Robert W. Baird upped 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. Barclays upped their price objective 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. Finally, Stifel Nicolaus upped their price objective 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.18.

VICI Properties Stock Up 0.1%

Shares of VICI Properties stock opened at $32.16 on Tuesday. 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 50-day moving average of $31.80 and a 200 day moving average of $31.04. The firm has a market cap of $33.98 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting 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 net margin of 69.59% and a return on equity of 10.24%. VICI Properties's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $0.56 EPS. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend 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.

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