Quadcap Wealth Management LLC Has $600,000 Stake in VICI Properties Inc. (NYSE:VICI)

Quadcap Wealth Management LLC trimmed its stake in VICI Properties Inc. (NYSE:VICI) by 9.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,529 shares of the company’s stock after selling 2,163 shares during the period. Quadcap Wealth Management LLC’s holdings in VICI Properties were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of VICI. Capital Research Global Investors boosted its position in shares of VICI Properties by 1.8% during the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company’s stock valued at $1,592,283,000 after acquiring an additional 984,421 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of VICI Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock worth $860,107,000 after acquiring an additional 1,036,344 shares during the last quarter. Capital World Investors raised its stake in shares of VICI Properties by 11.4% during the fourth quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock worth $827,160,000 after buying an additional 2,903,744 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of VICI Properties by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after buying an additional 130,659 shares during the last quarter. Finally, Norges Bank acquired a new position in VICI Properties during the fourth quarter valued at approximately $419,932,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Up 1.6%

VICI opened at $31.59 on Friday. The company’s 50 day moving average is $31.73 and its 200-day moving average is $31.06. The company has a market cap of $33.38 billion, a P/E ratio of 12.34, a PEG ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year 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.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) 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 firm had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same quarter last year, the business earned $0.56 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. 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. Stockholders of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.48%. VICI Properties’s dividend payout ratio is currently 69.20%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price target on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. Mizuho increased their price objective 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. 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. Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Finally, Robert W. Baird increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.07.

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.