Foundations Investment Advisors LLC Invests $1.04 Million in VICI Properties Inc. $VICI

Foundations Investment Advisors LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the third quarter, Holdings Channel reports. The institutional investor purchased 31,834 shares of the company’s stock, valued at approximately $1,038,000.

Several other hedge funds have also recently bought and sold shares of VICI. Vanguard Group Inc. lifted its position in shares of VICI Properties by 1.2% in the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock worth $5,086,097,000 after purchasing an additional 1,849,545 shares in the last quarter. State Street Corp grew its position in VICI Properties by 2.1% during the second quarter. State Street Corp now owns 59,694,662 shares of the company’s stock valued at $1,970,935,000 after purchasing an additional 1,204,476 shares in the last quarter. Geode Capital Management LLC increased its stake in VICI Properties by 7.1% in the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after buying an additional 2,281,688 shares during the period. Allianz Asset Management GmbH lifted its position in VICI Properties by 7.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock worth $816,617,000 after buying an additional 1,755,385 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of VICI Properties by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after buying an additional 2,326,747 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $28.07 on Friday. The business’s 50-day simple moving average is $28.22 and its 200-day simple moving average is $30.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. VICI Properties Inc. has a 52 week low of $27.48 and a 52 week high of $34.03. The firm has a market cap of $30.00 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 2.80 and a beta of 0.70.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were paid a $0.45 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.4%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Scotiabank lowered VICI Properties from a “sector outperform” rating to a “sector perform” rating and set a $30.00 price objective for the company. in a report on Friday. The Goldman Sachs Group dropped their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Mizuho lowered their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 17th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $33.85.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.