Sowell Financial Services LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,631 shares of the company's stock, valued at approximately $282,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC bought a new position in VICI Properties during the 1st quarter valued at about $16,995,000. Columbus Macro LLC grew its holdings in VICI Properties by 7.8% during the 1st quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock valued at $4,044,000 after buying an additional 8,967 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of VICI Properties by 11.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 122,336 shares of the company's stock valued at $3,991,000 after acquiring an additional 12,541 shares during the last quarter. Pinion Investment Advisors LLC boosted its position in shares of VICI Properties by 118.7% during the 1st quarter. Pinion Investment Advisors LLC now owns 39,532 shares of the company's stock valued at $1,290,000 after acquiring an additional 21,460 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. boosted its position in shares of VICI Properties by 40.0% during the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 13,061 shares of the company's stock valued at $426,000 after acquiring an additional 3,729 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.
VICI Properties Trading Down 0.1%
NYSE:VICI traded down $0.03 on Friday, hitting $32.30. 13,666,404 shares of the stock were exchanged, compared to its average volume of 5,950,797. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The stock has a fifty day moving average of $31.93 and a 200-day moving average of $31.05. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. The stock has a market cap of $34.13 billion, a PE ratio of 12.92, a PEG ratio of 3.00 and a beta of 0.70.
VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly 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 return on equity of 9.88% and a net margin of 67.81%. The firm 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 business posted $0.56 earnings per share. VICI Properties's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 69.20%.
Wall Street Analysts Forecast Growth
VICI has been the subject of a number of analyst reports. Truist Financial raised their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Mizuho lifted their target price on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Barclays boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Robert W. Baird upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company boosted their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.42.
View Our Latest Report on VICI Properties
VICI Properties Company Profile
(
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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