Modus Advisors LLC Boosts Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Modus Advisors LLC increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 2.2% in the 1st quarter, HoldingsChannel reports. The firm owned 79,150 shares of the company’s stock after purchasing an additional 1,738 shares during the period. Modus Advisors LLC’s holdings in VICI Properties were worth $2,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in VICI Properties during the fourth quarter worth about $28,000. CoreCap Advisors LLC grew 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 worth $30,000 after buying an additional 1,000 shares during the period. Venturi Wealth Management LLC grew 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 worth $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC acquired a new position in VICI Properties during the fourth quarter worth about $33,000. Finally, Quarry LP grew its position in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after buying an additional 897 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Down 0.7%

Shares of NYSE VICI opened at $31.54 on Thursday. The firm has a market cap of $33.33 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The firm’s 50 day moving average price is $31.65 and its 200 day moving average price is $31.06.

VICI Properties (NYSE:VICI) last posted 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. The business had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VICI. Stifel Nicolaus upped their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Mizuho raised their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Wells Fargo & Company lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Truist Financial upped their target price on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Finally, Barclays raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.18.

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.