Css LLC Il Purchases New Shares in VICI Properties Inc. (NYSE:VICI)

Css LLC Il purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the fourth quarter, HoldingsChannel reports. The fund purchased 12,100 shares of the company’s stock, valued at approximately $353,000.

Other hedge funds also recently bought and sold shares of the company. Transce3nd LLC purchased a new stake in VICI Properties during the fourth quarter valued at $28,000. CoreCap Advisors LLC increased its position in 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 acquiring an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC increased its position in 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 acquiring an additional 431 shares during the last quarter. Quarry LP increased its position in 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 acquiring an additional 897 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in VICI Properties during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.6%

NYSE VICI opened at $31.18 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. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The company’s 50-day moving average price is $31.69 and its 200-day moving average price is $31.05. The stock has a market cap of $32.95 billion, a PE ratio of 12.18, a PEG ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI) last issued its 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 company had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $976.51 million. During the same period in the prior year, the business earned $0.56 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently announced 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. This represents a $1.73 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s payout ratio is 69.20%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays boosted 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. Stifel Nicolaus boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Finally, Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $35.18.

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.