VICI Properties Inc. (NYSE:VICI) Stock Holdings Lifted by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in VICI Properties by 14.0%, owning approximately 1,162,574 shares valued at $37.9 million after purchasing an additional 142,462 shares in Q1.
• VICI Properties reported $1 billion in revenue for the last quarter, exceeding analysts' expectations, with a net margin of 70.20% and an EPS of $0.60.
• The company announced a quarterly dividend of $0.4325, reflecting a 5.2% dividend yield and a payout ratio of 66.28%.

LPL Financial LLC raised its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,162,574 shares of the company's stock after buying an additional 142,462 shares during the period. LPL Financial LLC owned approximately 0.11% of VICI Properties worth $37,923,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Investment Management Corp VA ADV increased its holdings in shares of VICI Properties by 171.3% in the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock valued at $37,000 after buying an additional 709 shares in the last quarter. Valley Wealth Managers Inc. increased its holdings in shares of VICI Properties by 5.4% in the first quarter. Valley Wealth Managers Inc. now owns 120,027 shares of the company's stock valued at $3,915,000 after buying an additional 6,157 shares in the last quarter. HB Wealth Management LLC purchased a new position in VICI Properties during the 1st quarter worth approximately $377,000. Mediolanum International Funds Ltd grew its position in VICI Properties by 0.7% during the 1st quarter. Mediolanum International Funds Ltd now owns 519,230 shares of the company's stock worth $16,621,000 after purchasing an additional 3,681 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in VICI Properties during the 1st quarter worth approximately $326,000. Institutional investors own 97.71% of the company's stock.

VICI Properties Trading Up 1.5%

VICI Properties stock opened at $33.10 on Friday. The company's fifty day simple moving average is $32.57 and its 200-day simple moving average is $31.73. The company has a quick ratio of 2.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29. The stock has a market cap of $34.98 billion, a P/E ratio of 12.68, a P/E/G ratio of 4.22 and a beta of 0.68.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. During the same period in the previous year, the company posted $0.57 EPS. VICI Properties's revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

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. This represents a $1.73 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's payout ratio is presently 66.28%.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research analyst reports. JMP Securities set a $35.00 price objective on shares of VICI Properties in a research report on Tuesday, July 22nd. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a research report on Thursday. Morgan Stanley lifted their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Finally, 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 report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.40.

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.

Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.