Richard Bernstein Advisors LLC Has $6.39 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Richard Bernstein Advisors LLC lowered its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 4.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,903 shares of the company's stock after selling 10,057 shares during the quarter. Richard Bernstein Advisors LLC's holdings in VICI Properties were worth $6,390,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Callan Capital LLC bought a new stake in VICI Properties during the first quarter worth $239,000. TD Private Client Wealth LLC lifted its stake in VICI Properties by 8.7% during the first quarter. TD Private Client Wealth LLC now owns 113,791 shares of the company's stock worth $3,712,000 after purchasing an additional 9,071 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in VICI Properties by 9.9% during the first quarter. Envestnet Asset Management Inc. now owns 8,974,560 shares of the company's stock worth $292,750,000 after purchasing an additional 807,979 shares during the last quarter. Penserra Capital Management LLC lifted its stake in VICI Properties by 79.0% during the first quarter. Penserra Capital Management LLC now owns 69,245 shares of the company's stock worth $2,257,000 after purchasing an additional 30,569 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in VICI Properties by 49.8% during the first quarter. Concurrent Investment Advisors LLC now owns 62,760 shares of the company's stock worth $2,047,000 after purchasing an additional 20,855 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Down 1.7%

NYSE VICI traded down $0.57 on Monday, reaching $32.86. The company had a trading volume of 4,780,691 shares, compared to its average volume of 5,933,457. The firm has a market cap of $34.72 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 3.84 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $27.54 and a fifty-two week high of $34.29. The business has a 50 day moving average of $32.02 and a two-hundred day moving average of $31.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. VICI Properties's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. Analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.26%. VICI Properties's dividend payout ratio is presently 69.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VICI shares. Robert W. Baird upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company increased their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Stifel Nicolaus increased their price target on 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 company 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 company an "outperform" rating in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $35.42.

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.