VICI Properties Inc. (NYSE:VICI) Stake Boosted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 49.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carret Asset Management LLC lifted its holdings in VICI Properties by 0.5% in the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock worth $2,034,000 after purchasing an additional 354 shares during the period. Moran Wealth Management LLC increased its stake in shares of VICI Properties by 0.9% during the first quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock valued at $1,324,000 after acquiring an additional 360 shares during the period. Benjamin Edwards Inc. increased its stake in shares of VICI Properties by 3.1% during the fourth quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock valued at $369,000 after acquiring an additional 378 shares during the period. DAVENPORT & Co LLC increased its stake in shares of VICI Properties by 3.9% during the first quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock valued at $347,000 after acquiring an additional 403 shares during the period. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of VICI Properties by 0.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company's stock valued at $2,042,000 after buying an additional 408 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Trading Down 0.6%

Shares of NYSE:VICI traded down $0.20 during mid-day trading on Friday, hitting $33.43. The stock had a trading volume of 6,933,471 shares, compared to its average volume of 5,931,889. 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 cap of $35.33 billion, a PE ratio of 13.37, a P/E/G ratio of 3.86 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29. The company's 50 day moving average is $32.15 and its 200-day moving average is $31.31.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The business had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. VICI Properties's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is 69.20%.

Wall Street Analyst Weigh In

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

VICI Properties 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.