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 disclosure with the Securities and Exchange Commission. The institutional investor owned 62,760 shares of the company's stock after buying 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.
A number of other hedge funds also recently bought and sold shares of the company. HM Payson & Co. purchased a new stake in VICI Properties during the first quarter valued at about $85,000. Bank of New York Mellon Corp lifted its position in shares of VICI Properties by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 5,668,425 shares of the company's stock worth $184,904,000 after purchasing an additional 24,076 shares in the last quarter. World Investment Advisors lifted its position in shares of VICI Properties by 15.0% in the first quarter. World Investment Advisors now owns 14,801 shares of the company's stock worth $483,000 after purchasing an additional 1,934 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of VICI Properties in the first quarter worth approximately $29,000. Finally, Catalyst Capital Advisors LLC lifted its position in shares of VICI Properties by 8.9% in the first quarter. Catalyst Capital Advisors LLC now owns 32,108 shares of the company's stock worth $1,047,000 after purchasing an additional 2,633 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently issued reports on VICI. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird increased their price target 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. Truist Financial increased their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Morgan Stanley raised their price objective 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. Finally, Mizuho raised their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and an average target price of $35.38.
Check Out Our Latest Research Report on VICI Properties
VICI Properties Stock Performance
VICI stock traded down $0.18 during midday trading on Friday, hitting $33.46. 946,724 shares of the company traded hands, compared to its average volume of 6,839,886. VICI Properties Inc. has a twelve month low of $27.98 and a twelve month high of $34.29. 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 business has a 50 day simple moving average of $32.11 and a 200-day simple moving average of $31.29. The stock has a market capitalization of $35.35 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 3.78 and a beta of 0.70.
VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $976.51 million. During the same quarter last year, the company posted $0.56 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders 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 annualized dividend and a dividend yield of 5.17%. VICI Properties's payout ratio is 69.20%.
About VICI Properties
(
Free Report)
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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