Ashford Capital Management Inc. Increases Holdings in VICI Properties Inc. (NYSE:VICI)

Ashford Capital Management Inc. grew its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,860 shares of the company's stock after purchasing an additional 13,050 shares during the quarter. Ashford Capital Management Inc.'s holdings in VICI Properties were worth $6,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Transce3nd LLC purchased a new position in VICI Properties during the 4th quarter worth approximately $28,000. CoreCap Advisors LLC boosted its holdings 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 valued at $30,000 after acquiring an additional 1,000 shares during the period. Venturi Wealth Management LLC grew its position in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after acquiring an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of VICI Properties during the fourth quarter worth approximately $33,000. Finally, Quarry LP increased its holdings in shares of VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

NYSE VICI traded up $0.29 during trading hours on Friday, hitting $31.49. 5,210,319 shares of the stock were exchanged, compared to its average volume of 6,005,751. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $33.28 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The stock has a 50-day moving average of $31.67 and a 200 day moving average of $31.05.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. During the same period in the prior year, the business posted $0.56 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is currently 69.20%.

Analysts Set New Price Targets

VICI has been the subject of a number of recent research reports. Barclays increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Mizuho increased their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Robert W. Baird raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Truist Financial upped their price objective on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.18.

VICI Properties Company 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.