Nissay Asset Management Corp Japan ADV Boosts Holdings in VICI Properties Inc. (NYSE:VICI)

Nissay Asset Management Corp Japan ADV boosted its position in VICI Properties Inc. (NYSE:VICI) by 2.5% during the fourth quarter, Holdings Channel reports. The fund owned 277,856 shares of the company’s stock after acquiring an additional 6,767 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in VICI Properties were worth $8,041,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Transce3nd LLC bought a new stake in VICI Properties in the 4th quarter worth $28,000. CoreCap Advisors LLC raised its holdings in VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of 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 buying an additional 431 shares during the last quarter. Quarry LP grew its position in 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 purchasing an additional 897 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of VICI Properties in the 4th quarter worth approximately $33,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

VICI Properties stock opened at $31.59 on Friday. The firm has a market capitalization of $33.38 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 3.88 and a beta of 0.74. The company has a fifty day simple moving average of $31.73 and a 200-day simple moving average of $31.06. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Thursday, March 20th. VICI Properties’s payout ratio is currently 69.20%.

Wall Street Analyst Weigh In

VICI has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Truist Financial upped their target price on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Mizuho upped 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. Barclays upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $35.07.

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.