NewEdge Advisors LLC Purchases 10,905 Shares of VICI Properties Inc. (NYSE:VICI)

NewEdge Advisors LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 756.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,346 shares of the company's stock after acquiring an additional 10,905 shares during the period. NewEdge Advisors LLC's holdings in VICI Properties were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at about $33,000. Whipplewood Advisors LLC bought a new stake in shares of VICI Properties in the fourth quarter valued at about $40,000. Cromwell Holdings LLC boosted its position in shares of VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after buying an additional 494 shares during the period. Finally, Promus Capital LLC bought a new position in shares of VICI Properties during the fourth quarter worth about $63,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI stock traded up $0.14 during trading on Friday, reaching $31.65. 6,370,899 shares of the company's stock were exchanged, compared to its average volume of 6,032,889. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The firm's fifty day moving average price is $31.88 and its 200-day moving average price is $31.12. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $33.44 billion, a PE ratio of 12.36, a PEG ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI - Get Free Report) last released 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 firm 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%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 earnings per share. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio is 69.20%.

Analysts Set New Price Targets

VICI has been the topic of several research reports. Barclays boosted their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Truist Financial boosted their price objective 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. Stifel Nicolaus raised their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday. Robert W. Baird boosted 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. Finally, Wells Fargo & Company raised their price objective on 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 nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.07.

VICI Properties 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.