Woodline Partners LP Purchases Shares of 63,045 VICI Properties Inc. (NYSE:VICI)

Woodline Partners LP acquired a new position in VICI Properties Inc. (NYSE:VICI - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 63,045 shares of the company's stock, valued at approximately $1,842,000.

Other large investors also recently modified their holdings of the company. Vident Advisory LLC increased its holdings in VICI Properties by 130.6% during the 4th quarter. Vident Advisory LLC now owns 28,690 shares of the company's stock worth $838,000 after purchasing an additional 16,248 shares during the last quarter. Sophron Capital Management L.P. acquired a new stake in VICI Properties in the fourth quarter valued at $13,611,000. Twinbeech Capital LP bought a new position in VICI Properties during the 4th quarter valued at $4,588,000. Strategic Global Advisors LLC grew its holdings in VICI Properties by 5.8% during the 4th quarter. Strategic Global Advisors LLC now owns 37,770 shares of the company's stock worth $1,103,000 after acquiring an additional 2,056 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in shares of VICI Properties by 7.5% in the 4th quarter. Toronto Dominion Bank now owns 562,820 shares of the company's stock worth $16,440,000 after purchasing an additional 39,143 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

VICI traded down $0.21 during trading hours on Wednesday, hitting $31.54. The company's stock had a trading volume of 4,504,090 shares, compared to its average volume of 5,999,218. The company has a 50-day simple moving average of $31.65 and a 200 day simple moving average of $31.05. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $33.33 billion, a PE ratio of 12.32, a PEG ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

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

Analyst Ratings Changes

VICI has been the topic of several research analyst reports. Barclays increased 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. Stifel Nicolaus lifted their target price on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Truist Financial upped their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Finally, Robert W. Baird increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.18.

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.