VICI Properties Inc. (NYSE:VICI) Stock Holdings Boosted by Lazard Asset Management LLC

Lazard Asset Management LLC raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 1,219.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,849 shares of the company’s stock after purchasing an additional 183,780 shares during the quarter. Lazard Asset Management LLC’s holdings in VICI Properties were worth $5,808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. boosted its stake in VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock valued at $1,189,000 after purchasing an additional 24,159 shares in the last quarter. Oxbow Advisors LLC bought a new stake in shares of VICI Properties during the 4th quarter worth $3,817,000. CHURCHILL MANAGEMENT Corp boosted its stake in shares of VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after acquiring an additional 8,834 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its stake in shares of VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after acquiring an additional 130,000 shares in the last quarter. Finally, Brookstone Capital Management bought a new stake in shares of VICI Properties during the 4th quarter worth $359,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $31.59 on Friday. 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 12 month low of $27.53 and a 12 month high of $34.29. The business has a fifty day simple moving average of $31.73 and a 200-day simple moving average of $31.06. The stock has a market cap of $33.38 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data 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 return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same period last year, the company earned $0.56 earnings per share. VICI Properties’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors 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 annualized dividend and a dividend yield of 5.48%. VICI Properties’s dividend payout ratio is 69.20%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Barclays raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Mizuho raised their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Finally, Truist Financial raised their target price on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.