VICI Properties Inc. (NYSE:VICI) Position Lifted by RBA Wealth Management LLC

RBA Wealth Management LLC boosted its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 665.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,459 shares of the company's stock after buying an additional 53,425 shares during the quarter. RBA Wealth Management LLC's holdings in VICI Properties were worth $2,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. purchased a new position in VICI Properties in the 4th quarter valued at about $4,282,000. Atria Investments Inc increased its holdings in VICI Properties by 86.6% in the 4th quarter. Atria Investments Inc now owns 49,341 shares of the company's stock valued at $1,441,000 after purchasing an additional 22,897 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in VICI Properties by 20.6% during 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 during the period. Gordian Capital Singapore Pte Ltd acquired a new position in shares of VICI Properties in the fourth quarter worth $2,773,000. Finally, Capital Investment Advisors LLC raised its position in VICI Properties by 6.3% in the 1st quarter. Capital Investment Advisors LLC now owns 360,465 shares of the company's stock valued at $11,758,000 after purchasing an additional 21,398 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Stifel Nicolaus upped their price target on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Truist Financial raised their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Finally, Mizuho upped their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, VICI Properties has an average rating of "Moderate Buy" and a consensus target price of $35.42.

VICI Properties Stock Up 0.2%

Shares of VICI stock traded up $0.07 during trading hours on Monday, reaching $32.35. The company had a trading volume of 944,027 shares, compared to its average volume of 5,922,010. The company has a market capitalization of $34.18 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 2.99 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The stock's fifty day simple moving average is $31.96 and its 200 day simple moving average is $31.09.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.58 EPS 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 business 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 earnings per share. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side 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. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Wednesday, June 18th. VICI Properties's payout ratio is 69.20%.

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.