ProShare Advisors LLC Acquires 66,158 Shares of VICI Properties Inc. (NYSE:VICI)

ProShare Advisors LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 37.2% in the 4th quarter, HoldingsChannel reports. The firm owned 243,905 shares of the company’s stock after purchasing an additional 66,158 shares during the quarter. ProShare Advisors LLC’s holdings in VICI Properties were worth $7,124,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC bought a new position in VICI Properties during the fourth quarter valued at approximately $28,000. CoreCap Advisors LLC boosted 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 valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new stake in VICI Properties in the fourth quarter worth $33,000. Finally, Quarry LP raised its stake in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after purchasing an additional 897 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

VICI opened at $32.13 on Monday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $31.73 and a 200 day moving average of $31.04. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The stock has a market cap of $33.95 billion, a P/E ratio of 12.55, a PEG ratio of 3.88 and a beta of 0.74.

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 analysts’ consensus estimates of $0.58. The firm had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 69.20%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VICI shares. Barclays lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. 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 note on Thursday, May 1st. Robert W. Baird upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Truist Financial lifted their target price on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Finally, Mizuho increased their price target on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target 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.