Synergy Asset Management LLC Buys 45,222 Shares of VICI Properties Inc. (NYSE:VICI)

Synergy Asset Management LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 11,715.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,608 shares of the company's stock after buying an additional 45,222 shares during the quarter. Synergy Asset Management LLC's holdings in VICI Properties were worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Atria Wealth Solutions Inc. grew its holdings in shares of VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock worth $1,189,000 after acquiring an additional 24,159 shares during the period. Oxbow Advisors LLC bought a new stake in shares of VICI Properties during the fourth quarter valued at approximately $3,817,000. DigitalBridge Group Inc. purchased a new stake in VICI Properties in the fourth quarter worth $4,282,000. Atria Investments Inc grew its stake in VICI Properties by 86.6% in the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company's stock worth $1,441,000 after purchasing an additional 22,897 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in VICI Properties by 20.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company's stock worth $30,916,000 after purchasing an additional 180,961 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Trading Down 0.1%

Shares of NYSE VICI opened at $32.30 on Friday. The firm's 50 day moving average price is $31.93 and its 200-day moving average price is $31.05. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week 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 market cap of $34.13 billion, a PE ratio of 12.92, a P/E/G ratio of 3.00 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 earnings per share for the quarter, hitting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The company had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same period in the previous year, the business earned $0.56 EPS. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given 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 dividend yield of 5.36%. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VICI. Wells Fargo & Company boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Robert W. Baird lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Truist Financial upped their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Barclays raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus boosted their price target on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.

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