VICI Properties Inc. (NYSE:VICI) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 49.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 62,760 shares of the company's stock after purchasing an additional 20,855 shares during the period. Concurrent Investment Advisors LLC's holdings in VICI Properties were worth $2,047,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors grew its position in shares of VICI Properties by 1.8% in the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock worth $1,592,283,000 after buying an additional 984,421 shares during the last quarter. Geode Capital Management LLC grew its holdings in VICI Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock worth $860,107,000 after purchasing an additional 1,036,344 shares during the last quarter. Capital World Investors increased its position in shares of VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company's stock worth $827,160,000 after purchasing an additional 2,903,744 shares in the last quarter. Norges Bank purchased a new stake in shares of VICI Properties during the 4th quarter valued at $419,932,000. Finally, Invesco Ltd. boosted its position in shares of VICI Properties by 5.4% in the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock worth $391,824,000 after purchasing an additional 692,092 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of NYSE VICI traded up $0.71 during midday trading on Thursday, reaching $33.66. 2,926,243 shares of the stock were exchanged, compared to its average volume of 5,938,013. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. The firm has a market cap of $35.57 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 3.79 and a beta of 0.70. The firm has a 50-day simple moving average of $32.07 and a two-hundred day simple moving average of $31.25. VICI Properties Inc. has a twelve month low of $27.58 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. During the same period last year, the company earned $0.56 earnings per share. VICI Properties's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.14%. The ex-dividend date is Wednesday, June 18th. VICI Properties's payout ratio is 69.20%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of research analyst reports. Truist Financial increased their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Robert W. Baird boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Morgan Stanley raised their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday. Mizuho boosted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Finally, Stifel Nicolaus lifted their price target 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of "Moderate Buy" and an average target price of $35.38.

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.