Tectonic Advisors LLC increased its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,313 shares of the company's stock after acquiring an additional 23,063 shares during the period. Tectonic Advisors LLC's holdings in VICI Properties were worth $8,491,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in VICI. Blackhawk Capital Partners LLC. increased its position in shares of VICI Properties by 102.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after purchasing an additional 9,967 shares during the period. DigitalBridge Group Inc. acquired a new stake in shares of VICI Properties in the fourth quarter valued at $4,282,000. Gordian Capital Singapore Pte Ltd bought a new position in VICI Properties during the fourth quarter valued at about $2,773,000. Columbus Macro LLC grew its holdings in VICI Properties by 7.8% during the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $4,044,000 after acquiring an additional 8,967 shares during the period. Finally, Capital Investment Advisors LLC grew its holdings in VICI Properties by 6.3% during the first quarter. Capital Investment Advisors LLC now owns 360,465 shares of the company's stock worth $11,758,000 after acquiring an additional 21,398 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on VICI. Morgan Stanley upped their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Robert W. Baird boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Mizuho increased their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Stifel Nicolaus raised their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Truist Financial upped their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $35.38.
Get Our Latest Stock Report on VICI
VICI Properties Trading Down 0.2%
Shares of VICI Properties stock traded down $0.08 during trading on Wednesday, hitting $33.01. The stock had a trading volume of 6,522,339 shares, compared to its average volume of 5,905,231. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The stock has a 50 day simple moving average of $32.24 and a 200 day simple moving average of $31.40. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $34.88 billion, a PE ratio of 13.20, a P/E/G ratio of 3.79 and a beta of 0.70.
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, hitting the consensus estimate of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The firm had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. During the same period in the previous year, the company posted $0.56 EPS. The company's quarterly revenue was up 3.4% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's payout ratio is 69.20%.
VICI Properties Profile
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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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