Thoroughbred Financial Services LLC Takes $295,000 Position in VICI Properties Inc. (NYSE:VICI)

Key Points

• Thoroughbred Financial Services LLC has invested approximately $295,000 in VICI Properties by acquiring 9,065 shares, marking a significant new position in the first quarter.
• Wall Street analysts maintain a positive outlook with a consensus rating of “Moderate Buy” and a price target averaging $35.40 for VICI Properties.
• VICI Properties recently announced a quarterly dividend of $0.4325 per share, resulting in a dividend yield of 5.2% and a dividend payout ratio of 66.28%.

Thoroughbred Financial Services LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,065 shares of the company's stock, valued at approximately $295,000.

Several other hedge funds also recently added to or reduced their stakes in VICI. Transce3nd LLC acquired a new position in VICI Properties during the 4th quarter valued at about $28,000. Wayfinding Financial LLC purchased a new position in shares of VICI Properties in the first quarter worth approximately $29,000. CoreCap Advisors LLC increased its position in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Quarry LP lifted its position in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after purchasing an additional 897 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its position in VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after purchasing an additional 786 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of research analyst reports. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. 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 research report on Thursday, May 1st. Truist Financial boosted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Morgan Stanley boosted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $35.40.

VICI Properties Stock Performance

NYSE:VICI traded down $0.06 during midday trading on Tuesday, reaching $32.77. The stock had a trading volume of 1,481,551 shares, compared to its average volume of 6,746,379. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The firm's fifty day simple moving average is $32.76 and its 200-day simple moving average is $31.92. The stock has a market capitalization of $34.94 billion, a P/E ratio of 12.55, a PEG ratio of 3.29 and a beta of 0.68.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 earnings per share. On average, equities research analysts forecast 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 was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.3%. VICI Properties's payout ratio is currently 66.28%.

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.