Quantinno Capital Management LP Boosts Stake in VICI Properties Inc. (NYSE:VICI)

Quantinno Capital Management LP grew its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 92.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,819 shares of the company's stock after acquiring an additional 35,521 shares during the period. Quantinno Capital Management LP's holdings in VICI Properties were worth $2,156,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VICI. Transce3nd LLC bought a new position in VICI Properties in the 4th quarter worth about $28,000. CoreCap Advisors LLC grew its stake in VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of VICI Properties by 64.1% in the 4th 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 purchased a new stake in shares of VICI Properties in the 4th quarter worth approximately $33,000. Finally, Quarry LP lifted its position in shares of VICI Properties by 404.1% in the 4th 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. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VICI shares. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Mizuho upped their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. 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 research report on Wednesday, April 23rd. Finally, 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 research report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $35.18.

VICI Properties Stock Up 0.9%

NYSE:VICI traded up $0.29 during midday trading on Friday, reaching $31.49. 5,210,319 shares of the stock traded hands, compared to its average volume of 6,020,787. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The business has a 50-day moving average of $31.67 and a two-hundred day moving average of $31.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market capitalization of $33.28 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

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

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.49%. VICI Properties's payout ratio is 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.