VICI Properties Inc. (NYSE:VICI) Stock Holdings Increased by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 14.4% in the fourth quarter, HoldingsChannel reports. The fund owned 5,150 shares of the company’s stock after buying an additional 650 shares during the period. OLD Point Trust & Financial Services N A’s holdings in VICI Properties were worth $150,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of VICI Properties during the 4th quarter valued at $33,000. Whipplewood Advisors LLC bought a new stake in shares of VICI Properties in the 4th quarter worth $40,000. Continuum Advisory LLC lifted its holdings in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after buying an additional 1,630 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VICI. Wells Fargo & Company boosted their price target 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. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial decreased their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.20.

VICI Properties Price Performance

VICI opened at $32.38 on Thursday. The firm has a market capitalization of $34.20 billion, a P/E ratio of 12.65, a PEG ratio of 3.88 and a beta of 0.94. The stock has a fifty day moving average of $30.71 and a 200-day moving average of $31.45. 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 Inc. has a 12-month low of $27.08 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. Equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is presently 67.58%.

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.