VICI Properties Inc. (NYSE:VICI) Shares Acquired by Archer Investment Corp

Archer Investment Corp raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 40.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,500 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Archer Investment Corp’s holdings in VICI Properties were worth $571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Commerzbank Aktiengesellschaft FI lifted its stake in VICI Properties by 3.0% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 60,052 shares of the company’s stock valued at $1,959,000 after acquiring an additional 1,771 shares during the period. Graypoint LLC acquired a new stake in VICI Properties during the 1st quarter valued at approximately $282,000. Cullen Frost Bankers Inc. lifted its stake in shares of VICI Properties by 8.5% in the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company’s stock valued at $150,000 after purchasing an additional 359 shares during the period. Tectonic Advisors LLC lifted its stake in shares of VICI Properties by 9.7% in the 1st quarter. Tectonic Advisors LLC now owns 260,313 shares of the company’s stock valued at $8,491,000 after purchasing an additional 23,063 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of VICI Properties by 9.2% in the 1st quarter. Larson Financial Group LLC now owns 79,030 shares of the company’s stock valued at $2,578,000 after purchasing an additional 6,672 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI stock traded up $0.11 during trading on Friday, hitting $32.95. The stock had a trading volume of 717,245 shares, compared to its average volume of 5,870,658. The company’s 50 day moving average price is $32.26 and its two-hundred day moving average price is $31.43. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The stock has a market cap of $34.82 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 3.79 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The firm had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the previous year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 69.20%.

Wall Street Analyst Weigh In

VICI has been the subject of several analyst reports. Mizuho boosted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Morgan Stanley upped their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. Truist Financial increased their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. 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 research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and eight have issued 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 $35.38.

About VICI Properties

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.