Ramiah Investment Group acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,745 shares of the company's stock, valued at approximately $546,000. VICI Properties comprises approximately 0.6% of Ramiah Investment Group's holdings, making the stock its 20th biggest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. raised its holdings in shares of VICI Properties by 6.0% during the first quarter. Principal Securities Inc. now owns 34,119 shares of the company's stock worth $1,113,000 after purchasing an additional 1,922 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in shares of VICI Properties by 6.4% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 129,877 shares of the company's stock worth $4,237,000 after purchasing an additional 7,804 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of VICI Properties by 39.7% in the 1st quarter. Greenleaf Trust now owns 13,154 shares of the company's stock worth $429,000 after purchasing an additional 3,738 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of VICI Properties by 1.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 662,378 shares of the company's stock worth $21,269,000 after purchasing an additional 10,224 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of VICI Properties by 0.3% in the 1st quarter. M&T Bank Corp now owns 823,725 shares of the company's stock worth $26,870,000 after purchasing an additional 2,422 shares during the last quarter. 97.71% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday. Robert W. Baird boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Truist Financial increased their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, Mizuho increased their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and an average target price of $35.38.
View Our Latest Research Report on VICI Properties
VICI Properties Price Performance
VICI Properties stock traded up $0.72 during midday trading on Thursday, hitting $33.67. The company's stock had a trading volume of 7,698,544 shares, compared to its average volume of 5,946,260. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. The stock's 50-day moving average price is $32.11 and its 200-day moving average price is $31.29. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29. The company has a market capitalization of $35.57 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 3.78 and a beta of 0.70.
VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The company's quarterly revenue was up 3.4% compared to the same quarter last year. 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 announced 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. This represents a $1.73 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's payout ratio is 69.20%.
About VICI Properties
(
Free Report)
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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