Heartland Bank & Trust Co Has $446,000 Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Heartland Bank & Trust Co increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 19.8% in the first quarter, HoldingsChannel reports. The firm owned 13,669 shares of the company’s stock after purchasing an additional 2,256 shares during the period. Heartland Bank & Trust Co’s holdings in VICI Properties were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VICI. Transce3nd LLC acquired a new stake in shares of VICI Properties during the 4th quarter worth about $28,000. CoreCap Advisors LLC increased its position in shares of VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% in the 4th 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 in the last quarter. Kestra Investment Management LLC acquired a new stake in VICI Properties in the 4th quarter valued at about $33,000. Finally, Quarry LP increased its position in VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after acquiring an additional 897 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

VICI has been the subject of several research reports. Mizuho raised their price objective 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. Wells Fargo & Company raised 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. Barclays raised 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 raised 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. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.42.

VICI Properties Stock Down 0.1%

Shares of NYSE VICI opened at $32.30 on Friday. The firm has a market capitalization of $34.13 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.70. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. 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 is $31.93 and its 200-day moving average is $31.05.

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, meeting the consensus estimate of $0.58. The company had revenue of $984.20 million for the quarter, compared to analyst estimates 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 for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. Equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties’s dividend payout ratio (DPR) is presently 69.20%.

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.