VICI Properties Inc. (NYSE:VICI) is TT Capital Management LLC's 4th Largest Position

TT Capital Management LLC boosted its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 21.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 150,125 shares of the company's stock after buying an additional 26,781 shares during the quarter. VICI Properties makes up 4.1% of TT Capital Management LLC's investment portfolio, making the stock its 4th largest holding. TT Capital Management LLC's holdings in VICI Properties were worth $4,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PFG Investments LLC purchased a new stake in VICI Properties in the 1st quarter valued at $248,000. Carret Asset Management LLC raised its position in VICI Properties by 5.1% in the 1st quarter. Carret Asset Management LLC now owns 73,218 shares of the company's stock valued at $2,388,000 after buying an additional 3,581 shares during the last quarter. Advisor Resource Council purchased a new stake in VICI Properties in the 1st quarter valued at $1,180,000. Good Steward Wealth Advisors LLC purchased a new stake in VICI Properties in the 1st quarter valued at $235,000. Finally, Vanderbilt University grew its stake in VICI Properties by 18.9% in the 1st quarter. Vanderbilt University now owns 112,719 shares of the company's stock valued at $3,677,000 after purchasing an additional 17,936 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Down 0.1%

VICI stock opened at $32.30 on Friday. 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 capitalization of $34.13 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 3.00 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The stock has a fifty day moving average of $31.93 and a 200-day moving average of $31.05.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 EPS. As a group, equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be paid a $0.4325 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.36%. VICI Properties's dividend payout ratio is currently 69.20%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of recent analyst reports. 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. Wells Fargo & Company upped their price objective on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Stifel Nicolaus upped their price objective on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Finally, Robert W. Baird upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and a consensus price target of $35.42.

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.

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