Huntington National Bank Grows Stake in VICI Properties Inc. (NYSE:VICI)

Huntington National Bank lifted its stake in VICI Properties Inc. (NYSE:VICI) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,042 shares of the company’s stock after purchasing an additional 751 shares during the quarter. Huntington National Bank’s holdings in VICI Properties were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. raised its holdings in VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after buying an additional 340 shares during the last quarter. Carret Asset Management LLC raised its holdings in VICI Properties by 0.5% in the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock worth $2,034,000 after acquiring an additional 354 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in VICI Properties by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after acquiring an additional 372 shares in the last quarter. Continuum Advisory LLC boosted its stake in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after purchasing an additional 391 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VICI. Wells Fargo & Company upped their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Stifel Nicolaus upped their target price on shares of VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.63.

VICI Properties Trading Down 3.4 %

Shares of VICI stock opened at $30.57 on Friday. The stock has a fifty day simple moving average of $31.36 and a two-hundred day simple moving average of $31.30. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The firm has a market capitalization of $32.30 billion, a PE ratio of 11.94, a PEG ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. On average, analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid 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 5.66%. VICI Properties’s payout ratio is 67.58%.

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.