VICI Properties Inc. (NYSE:VICI) Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC grew its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 66.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,394 shares of the company's stock after acquiring an additional 15,668 shares during the quarter. Merit Financial Group LLC's holdings in VICI Properties were worth $1,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its holdings in VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock worth $1,189,000 after buying an additional 24,159 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in VICI Properties in the 4th quarter valued at approximately $3,817,000. DigitalBridge Group Inc. acquired a new stake in VICI Properties in the 4th quarter valued at approximately $4,282,000. Kestra Private Wealth Services LLC increased its position in VICI Properties by 67.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 33,395 shares of the company's stock valued at $975,000 after acquiring an additional 13,491 shares during the period. Finally, Atria Investments Inc increased its position 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 acquiring an additional 22,897 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VICI. Mizuho raised their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Robert W. Baird raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Truist Financial raised their target price on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus raised their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $35.18.

VICI Properties Trading Up 0.1%

VICI Properties stock opened at $31.47 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business's 50-day simple moving average is $31.58 and its 200-day simple moving average is $31.06. The firm has a market capitalization of $33.25 billion, a PE ratio of 12.29, a PEG ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 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 for the quarter, compared to analyst estimates of $976.51 million. During the same period in the previous year, the company posted $0.56 earnings per share. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors 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 yield of 5.50%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

About VICI Properties

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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