Fifth Third Bancorp boosted its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 18.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,363 shares of the company's stock after purchasing an additional 8,405 shares during the quarter. Fifth Third Bancorp's holdings in VICI Properties were worth $1,773,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Transce3nd LLC acquired a new stake in VICI Properties during the fourth quarter worth approximately $28,000. AdvisorNet Financial Inc grew its holdings in VICI Properties by 362.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after acquiring an additional 786 shares during the last quarter. CoreCap Advisors LLC increased its holdings in 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 purchasing an additional 1,000 shares during the period. Venturi Wealth Management LLC increased its stake in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after buying an additional 431 shares during the period. Finally, Quarry LP raised its holdings in VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after purchasing an additional 897 shares during the last quarter. Institutional investors own 97.71% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on VICI. Mizuho boosted their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Robert W. Baird increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Truist Financial lifted their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Finally, Barclays boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $35.18.
Check Out Our Latest Stock Analysis on VICI Properties
VICI Properties Price Performance
NYSE:VICI traded up $0.04 during mid-day trading on Monday, hitting $32.16. 4,115,817 shares of the stock traded hands, compared to its average volume of 5,941,786. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The company has a market cap of $33.98 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The business's 50-day moving average price is $31.74 and its 200 day moving average price is $31.04.
VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. VICI Properties's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.38%. 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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