VICI Properties Inc. (NYSE:VICI) Shares Purchased by Ethic Inc.

Ethic Inc. raised its position in VICI Properties Inc. (NYSE:VICI) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,373 shares of the company’s stock after purchasing an additional 2,729 shares during the quarter. Ethic Inc.’s holdings in VICI Properties were worth $1,442,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Transce3nd LLC acquired a new position in VICI Properties in the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC lifted its stake in shares of VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Quarry LP raised its holdings in VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after buying an additional 897 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in VICI Properties in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 1.2%

Shares of NYSE:VICI opened at $31.49 on Tuesday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The stock has a market cap of $33.28 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The firm’s 50 day moving average price is $31.80 and its 200 day moving average price is $31.06.

VICI Properties (NYSE:VICI) last posted its earnings results 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 analyst estimates of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. VICI Properties’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. As a group, equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.49%. VICI Properties’s payout ratio is currently 69.20%.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Stifel Nicolaus raised their price target on VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Wells Fargo & Company boosted 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. Finally, Truist Financial raised their target price on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $35.07.

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.