Vident Advisory LLC Raises Stock Position in VICI Properties Inc. (NYSE:VICI)

Vident Advisory LLC lifted its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 130.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,690 shares of the company's stock after purchasing an additional 16,248 shares during the quarter. Vident Advisory LLC's holdings in VICI Properties were worth $838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. D.A. Davidson & CO. raised its position in shares of VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock valued at $321,000 after purchasing an additional 340 shares during the last quarter. Carret Asset Management LLC raised its position in shares of VICI Properties by 0.5% in the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock valued at $2,034,000 after purchasing an additional 354 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in VICI Properties by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after buying an additional 372 shares during the last quarter. Benjamin Edwards Inc. raised its position in VICI Properties by 3.1% during the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock worth $369,000 after buying an additional 378 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in VICI Properties by 3.3% during the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after buying an additional 391 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Truist Financial raised 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. Robert W. Baird raised 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. Barclays raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Mizuho raised their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.18.

VICI Properties Stock Performance

Shares of NYSE:VICI traded down $0.17 during trading on Friday, hitting $31.50. 943,962 shares of the stock traded hands, compared to its average volume of 5,961,179. The company has a market cap of $33.28 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 3.88 and a beta of 0.74. The company has a fifty day moving average price of $31.64 and a two-hundred day moving average price of $31.06. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 EPS. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.49%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is presently 69.20%.

About VICI Properties

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.