Simon Quick Advisors LLC Takes Position in VICI Properties Inc. (NYSE:VICI)

Simon Quick Advisors LLC bought a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,483 shares of the company's stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also bought and sold shares of VICI. Van ECK Associates Corp boosted its position in VICI Properties by 0.8% in the fourth quarter. Van ECK Associates Corp now owns 566,489 shares of the company's stock worth $16,547,000 after purchasing an additional 4,621 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in VICI Properties in the fourth quarter worth about $234,000. Avestar Capital LLC boosted its position in VICI Properties by 26.8% in the fourth quarter. Avestar Capital LLC now owns 9,639 shares of the company's stock worth $282,000 after purchasing an additional 2,040 shares during the last quarter. V Square Quantitative Management LLC boosted its position in VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after purchasing an additional 391 shares during the last quarter. Finally, Empire Life Investments Inc. purchased a new position in VICI Properties in the fourth quarter worth about $3,099,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of several research reports. Barclays raised their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Mizuho raised their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Stifel Nicolaus raised their price objective on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Robert W. Baird raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Three 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.18.

VICI Properties Trading Down 1.5%

Shares of NYSE VICI traded down $0.49 during trading on Friday, reaching $32.10. The stock had a trading volume of 5,540,314 shares, compared to its average volume of 5,949,122. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. 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 business's 50-day moving average price is $31.74 and its 200-day moving average price is $31.05. The company has a market cap of $33.92 billion, a P/E ratio of 12.54, a PEG ratio of 3.88 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, meeting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.39%. VICI Properties's payout ratio is 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.