MML Investors Services LLC Buys 9,273 Shares of VICI Properties Inc. (NYSE:VICI)

MML Investors Services LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,202 shares of the company's stock after purchasing an additional 9,273 shares during the quarter. MML Investors Services LLC's holdings in VICI Properties were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. World Investment Advisors LLC bought a new stake in VICI Properties in the 3rd quarter worth approximately $441,000. Wilmington Savings Fund Society FSB bought a new stake in shares of VICI Properties in the 3rd quarter worth approximately $125,000. Tidal Investments LLC boosted its stake in shares of VICI Properties by 11.9% in the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company's stock valued at $1,755,000 after purchasing an additional 5,620 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of VICI Properties by 53.6% during the 3rd quarter. Synovus Financial Corp now owns 22,198 shares of the company's stock valued at $739,000 after purchasing an additional 7,742 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in VICI Properties by 18.4% in the 4th quarter. GAMMA Investing LLC now owns 13,984 shares of the company's stock worth $408,000 after purchasing an additional 2,172 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JMP Securities restated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Truist Financial raised their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Mizuho increased their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus lifted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.07.

VICI Properties Stock Up 0.4 %

VICI Properties stock traded up $0.14 during mid-day trading on Friday, hitting $31.65. The company had a trading volume of 6,370,899 shares, compared to its average volume of 6,057,590. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The company has a market capitalization of $33.44 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The stock's 50 day moving average price is $31.90 and its two-hundred day moving average price is $31.14. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

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

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.47%. VICI Properties's dividend payout ratio (DPR) 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.