VICI Properties Inc. (NYSE:VICI) Shares Sold by B&I Capital AG

B&I Capital AG decreased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 22.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,890 shares of the company's stock after selling 21,100 shares during the quarter. VICI Properties comprises 0.8% of B&I Capital AG's holdings, making the stock its 28th biggest position. B&I Capital AG's holdings in VICI Properties were worth $2,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blackhawk Capital Partners LLC. boosted its holdings in VICI Properties by 102.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock worth $643,000 after buying an additional 9,967 shares in the last quarter. DigitalBridge Group Inc. purchased a new stake in VICI Properties during the fourth quarter worth $4,282,000. Gordian Capital Singapore Pte Ltd purchased a new stake in VICI Properties during the fourth quarter worth $2,773,000. Columbus Macro LLC boosted its holdings in VICI Properties by 7.8% during the first quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $4,044,000 after buying an additional 8,967 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new stake in VICI Properties during the first quarter worth $2,170,000. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Stifel Nicolaus raised their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Truist Financial raised their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday. Finally, JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $35.38.

VICI Properties Stock Performance

VICI traded up $0.43 during trading on Tuesday, hitting $33.18. The stock had a trading volume of 1,779,822 shares, compared to its average volume of 5,872,926. 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 firm has a market capitalization of $35.06 billion, a P/E ratio of 13.28, a PEG ratio of 4.22 and a beta of 0.70. The company's 50-day moving average price is $32.28 and its 200 day moving average price is $31.48. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29.

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 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 prior year, the company posted $0.56 EPS. The business's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts forecast 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 was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.21%. VICI Properties's payout ratio is 69.20%.

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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