VICI Properties Inc. (NYSE:VICI) Shares Purchased by Strategic Global Advisors LLC

Strategic Global Advisors LLC boosted its position in VICI Properties Inc. (NYSE:VICI) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,770 shares of the company’s stock after purchasing an additional 2,056 shares during the quarter. Strategic Global Advisors LLC’s holdings in VICI Properties were worth $1,103,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VICI. Transce3nd LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at about $28,000. CoreCap Advisors LLC grew its stake in 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 in the last quarter. Venturi Wealth Management LLC raised its holdings in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new position in VICI Properties in the 4th quarter worth approximately $33,000. Finally, Quarry LP lifted its stake 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 in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VICI has been the subject of a number of analyst reports. 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. Robert W. Baird upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Truist Financial upped their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Three equities 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 has an average rating of “Moderate Buy” and a consensus price target of $35.18.

VICI Properties Trading Up 1.6%

NYSE VICI opened at $32.13 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $33.95 billion, a P/E ratio of 12.55, a PEG ratio of 3.88 and a beta of 0.74. The firm’s 50-day moving average is $31.73 and its two-hundred day moving average is $31.05. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29.

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

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.39%. VICI Properties’s dividend payout ratio is presently 69.20%.

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.