Concurrent Investment Advisors LLC Increases Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Concurrent Investment Advisors LLC grew its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 49.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,760 shares of the company's stock after purchasing an additional 20,855 shares during the quarter. Concurrent Investment Advisors LLC's holdings in VICI Properties were worth $2,047,000 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. HM Payson & Co. acquired a new stake in shares of VICI Properties in the first quarter valued at approximately $85,000. Bank of New York Mellon Corp lifted its holdings in shares of VICI Properties by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 5,668,425 shares of the company's stock worth $184,904,000 after acquiring an additional 24,076 shares during the last quarter. World Investment Advisors boosted its position in shares of VICI Properties by 15.0% during the first quarter. World Investment Advisors now owns 14,801 shares of the company's stock worth $483,000 after buying an additional 1,934 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of VICI Properties in the 1st quarter valued at $29,000. Finally, Catalyst Capital Advisors LLC lifted its stake in VICI Properties by 8.9% during the 1st quarter. Catalyst Capital Advisors LLC now owns 32,108 shares of the company's stock worth $1,047,000 after acquiring an additional 2,633 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analyst Weigh In

VICI has been the topic of a number of recent research reports. Mizuho boosted their price target 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. Stifel Nicolaus raised their price target on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird upped their price objective on 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 boosted their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Truist Financial raised their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and an average price target of $35.38.

VICI Properties Stock Down 0.2%

Shares of NYSE:VICI traded down $0.06 during trading on Wednesday, hitting $32.95. 6,627,721 shares of the company were exchanged, compared to its average volume of 5,949,206. The firm's 50 day moving average price is $32.07 and its 200-day moving average price is $31.25. VICI Properties Inc. has a 12-month low of $27.58 and a 12-month high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a market capitalization of $34.82 billion, a P/E ratio of 13.18, a PEG ratio of 3.79 and a beta of 0.70.

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

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.25%. The ex-dividend date is Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) 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.