Ramiah Investment Group Buys New Position in VICI Properties Inc. (NYSE:VICI)

Ramiah Investment Group bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,745 shares of the company's stock, valued at approximately $546,000. VICI Properties comprises approximately 0.6% of Ramiah Investment Group's portfolio, making the stock its 20th largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VICI. Wayfinding Financial LLC purchased a new position in VICI Properties in the 1st quarter worth $29,000. Transce3nd LLC purchased a new stake in shares of VICI Properties in the 4th quarter valued at $28,000. AdvisorNet Financial Inc boosted its holdings in shares of VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after acquiring an additional 786 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

VICI has been the topic of several recent research reports. Truist Financial upped their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Morgan Stanley lifted their price target on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday. Mizuho lifted their price target on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lifted their price target on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Robert W. Baird increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and a consensus price target of $35.38.

VICI Properties Trading Up 2.0%

Shares of NYSE VICI traded up $0.66 during trading on Thursday, hitting $33.61. 2,343,034 shares of the company were exchanged, compared to its average volume of 5,935,275. VICI Properties Inc. has a 12-month low of $27.58 and a 12-month high of $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. The company has a fifty day moving average price of $32.07 and a 200-day moving average price of $31.25. The firm has a market capitalization of $35.52 billion, a PE ratio of 13.43, a P/E/G ratio of 3.79 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share 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 return on equity of 9.88% and a net margin of 67.81%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.15%. VICI Properties's dividend payout ratio is currently 69.20%.

About VICI Properties

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.