VICI Properties Inc. (NYSE:VICI) Stock Position Increased by Invesco Ltd.

Invesco Ltd. boosted its position in VICI Properties Inc. (NYSE:VICI) by 0.6% during the 1st quarter, HoldingsChannel reports. The firm owned 13,491,589 shares of the company’s stock after buying an additional 77,544 shares during the quarter. Invesco Ltd.’s holdings in VICI Properties were worth $440,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of VICI. Transce3nd LLC bought a new stake in VICI Properties in the 4th quarter valued at about $28,000. Wayfinding Financial LLC bought a new stake in VICI Properties in the 1st quarter valued at about $29,000. CoreCap Advisors LLC lifted its position in VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Quarry LP lifted its position in VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after purchasing an additional 897 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in VICI Properties by 362.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company’s stock valued at $33,000 after buying an additional 786 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley raised their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Robert W. Baird raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Truist Financial raised their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus raised their target price on shares of VICI Properties from $34.75 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

VICI Properties Stock Performance

Shares of VICI opened at $32.90 on Monday. The firm’s 50 day moving average is $32.74 and its 200-day moving average is $31.90. The stock has a market capitalization of $35.08 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.29 and a beta of 0.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. VICI Properties Inc. has a 12-month low of $27.98 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. Equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 66.28%.

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.