Focus Partners Wealth Grows Position in VICI Properties Inc. (NYSE:VICI)

Focus Partners Wealth increased its holdings in VICI Properties Inc. (NYSE:VICI) by 1,944.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 237,836 shares of the company’s stock after acquiring an additional 226,203 shares during the quarter. Focus Partners Wealth’s holdings in VICI Properties were worth $6,947,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VICI. Transce3nd LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at about $28,000. CoreCap Advisors LLC lifted its position in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the last quarter. Quarry LP lifted its position in shares of VICI Properties by 404.1% during the fourth 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 last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at about $33,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on VICI shares. Stifel Nicolaus increased their price target 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. 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. Robert W. Baird increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Truist Financial increased their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $35.07.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $31.34 on Wednesday. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The company’s 50 day moving average is $31.78 and its 200 day moving average is $31.06. 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 market cap of $33.12 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the prior year, the company earned $0.56 EPS. VICI Properties’s quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid 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 dividend yield of 5.52%. VICI Properties’s payout ratio is 69.20%.

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.