Intergy Private Wealth LLC Buys New Shares in VICI Properties Inc. (NYSE:VICI)

Intergy Private Wealth LLC acquired a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,805 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors also recently modified their holdings of the company. Transce3nd LLC acquired a new position in shares of VICI Properties during the fourth quarter worth $28,000. AdvisorNet Financial Inc raised its holdings in shares of VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock worth $33,000 after purchasing an additional 786 shares during the period. CoreCap Advisors LLC raised its stake 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 acquiring an additional 1,000 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Finally, Quarry LP lifted its stake in VICI Properties by 404.1% in 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. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

VICI opened at $31.47 on Friday. The stock has a 50-day moving average of $31.58 and a 200-day moving average of $31.06. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company has a market cap of $33.25 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $984.20 million during 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. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.50%. VICI Properties’s dividend payout ratio is currently 69.20%.

Analyst Ratings Changes

Several brokerages have recently issued reports on VICI. Stifel Nicolaus boosted their price objective on VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Robert W. Baird raised 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. Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Wells Fargo & Company boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Finally, Truist Financial increased their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company 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.