Balyasny Asset Management L.P. Purchases 401,584 Shares of VICI Properties Inc. (NYSE:VICI)

Balyasny Asset Management L.P. boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 91.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 840,317 shares of the company’s stock after buying an additional 401,584 shares during the period. Balyasny Asset Management L.P.’s holdings in VICI Properties were worth $24,546,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VICI. Transce3nd LLC bought a new position in shares of VICI Properties during the 4th quarter valued at approximately $28,000. Venturi Wealth Management LLC raised its stake in VICI Properties by 64.1% during 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 position in VICI Properties during the fourth quarter valued at $33,000. Quarry LP grew its stake in shares of VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after buying an additional 897 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of VICI Properties in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the subject of a number of analyst reports. Robert W. Baird increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Truist Financial raised their price objective on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Wells Fargo & Company raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Finally, Mizuho lifted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.07.

VICI Properties Trading Down 1.1 %

NYSE VICI opened at $31.54 on Wednesday. The stock has a market cap of $33.33 billion, a PE ratio of 12.32, a PEG ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The company’s 50-day moving average price is $31.86 and its 200-day moving average price is $31.10. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same period in the prior year, the firm earned $0.56 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.49%. VICI Properties’s payout ratio is currently 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.