CWA Asset Management Group LLC Takes Position in VICI Properties Inc. (NYSE:VICI)

CWA Asset Management Group LLC bought a new stake in VICI Properties Inc. (NYSE:VICI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 58,221 shares of the company’s stock, valued at approximately $1,899,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Research Global Investors boosted its holdings in VICI Properties by 1.8% during the fourth quarter. Capital Research Global Investors now owns 54,511,574 shares of the company’s stock worth $1,592,283,000 after buying an additional 984,421 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock valued at $860,107,000 after acquiring an additional 1,036,344 shares during the period. Capital World Investors lifted its position in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock valued at $827,160,000 after acquiring an additional 2,903,744 shares during the period. Norges Bank acquired a new stake in shares of VICI Properties during the 4th quarter valued at approximately $419,932,000. Finally, Invesco Ltd. lifted its position in shares of VICI Properties by 5.4% during the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company’s stock valued at $391,824,000 after acquiring an additional 692,092 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VICI. Stifel Nicolaus lifted their price target 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 lifted their price target 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. Truist Financial lifted their price target 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. Mizuho lifted their price target 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. Finally, Robert W. Baird lifted their price target 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.18.

VICI Properties Trading Up 0.0%

Shares of VICI opened at $32.33 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The firm has a 50 day simple moving average of $31.86 and a 200-day simple moving average of $31.05. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29. The stock has a market cap of $34.16 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 3.00 and a beta of 0.70.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.56 EPS. Equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.35%. VICI Properties’s payout ratio is currently 69.20%.

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.