Landmark Investment Partners L.P. Buys New Position in VICI Properties Inc. (NYSE:VICI)

Landmark Investment Partners L.P. bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 284,695 shares of the company's stock, valued at approximately $8,316,000. VICI Properties makes up approximately 3.4% of Landmark Investment Partners L.P.'s portfolio, making the stock its 14th largest position.

Other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. grew its stake 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 worth $321,000 after buying an additional 340 shares in the last quarter. Carret Asset Management LLC grew its stake 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 worth $2,034,000 after buying an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of VICI Properties by 0.9% in 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 in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after acquiring an additional 391 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of VICI Properties by 0.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company's stock worth $2,042,000 after acquiring an additional 408 shares during 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 equities research analysts recently weighed in on VICI shares. Barclays lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Stifel Nicolaus increased their price objective on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Robert W. Baird raised their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Mizuho increased their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.07.

VICI Properties Price Performance

VICI stock traded down $0.51 during trading on Thursday, hitting $31.51. The stock had a trading volume of 8,722,400 shares, compared to its average volume of 6,056,342. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The stock has a market capitalization of $33.29 billion, a P/E ratio of 12.31, a PEG ratio of 3.88 and a beta of 0.70. The company's 50-day moving average price is $31.91 and its two-hundred day moving average price is $31.15.

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

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio is presently 67.58%.

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.