Susquehanna Fundamental Investments LLC Invests $25.63 Million in VICI Properties Inc. (NYSE:VICI)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the fourth quarter, Holdings Channel.com reports. The firm acquired 877,401 shares of the company’s stock, valued at approximately $25,629,000.

Other hedge funds have also made changes to their positions in the company. World Investment Advisors LLC acquired a new stake in shares of VICI Properties during the 3rd quarter worth approximately $441,000. Wilmington Savings Fund Society FSB bought a new position in VICI Properties in the third quarter worth $125,000. Tidal Investments LLC boosted its stake in VICI Properties by 11.9% during the third quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock worth $1,755,000 after buying an additional 5,620 shares in the last quarter. Synovus Financial Corp increased its holdings in VICI Properties by 53.6% in the 3rd quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock valued at $739,000 after buying an additional 7,742 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of VICI Properties by 18.4% in the 4th quarter. GAMMA Investing LLC now owns 13,984 shares of the company’s stock valued at $408,000 after buying an additional 2,172 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI stock opened at $32.23 on Friday. 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 $34.06 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 3.88 and a beta of 0.70. The firm’s 50 day moving average is $31.84 and its 200-day moving average is $31.15. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.37%. VICI Properties’s payout ratio is presently 67.58%.

Analyst Ratings Changes

A number of analysts recently weighed in on VICI shares. 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 research note on Wednesday. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Stifel Nicolaus lifted their price objective on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, Mizuho boosted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $34.93.

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.