Lazard Asset Management LLC Buys 183,780 Shares of VICI Properties Inc. (NYSE:VICI)

Lazard Asset Management LLC grew its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1,219.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,849 shares of the company's stock after buying an additional 183,780 shares during the period. Lazard Asset Management LLC's holdings in VICI Properties were worth $5,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Transce3nd LLC bought a new position in VICI Properties during the fourth quarter worth about $28,000. CoreCap Advisors LLC grew its stake in shares of VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC grew its position in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Quarry LP increased its position in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in VICI Properties during the fourth quarter worth about $33,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of NYSE:VICI traded up $0.02 on Monday, reaching $32.12. 4,508,756 shares of the company's stock were exchanged, compared to its average volume of 5,995,714. The company has a market capitalization of $33.94 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. 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 company has a fifty day moving average of $31.73 and a 200-day moving average of $31.04.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. During the same period last year, the firm posted $0.56 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.39%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Mizuho increased their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Truist Financial upped their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Finally, Barclays increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average 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.