Private Advisor Group LLC Increases Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Private Advisor Group LLC increased its holdings in VICI Properties Inc. (NYSE:VICI) by 39.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,302 shares of the company’s stock after acquiring an additional 7,993 shares during the quarter. Private Advisor Group LLC’s holdings in VICI Properties were worth $827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Venturi Wealth Management LLC lifted its position in 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 period. Kestra Investment Management LLC purchased a new position in VICI Properties during the fourth quarter valued at $33,000. Continuum Advisory LLC lifted its position in VICI Properties by 30.5% during 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. Quent Capital LLC lifted its position in VICI Properties by 27.1% during the fourth quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock valued at $64,000 after buying an additional 468 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position 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 during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.5 %

VICI Properties stock opened at $32.51 on Friday. The business has a 50-day simple moving average of $29.89 and a two-hundred day simple moving average of $31.47. The company has a market cap of $34.34 billion, a P/E ratio of 12.70, a P/E/G ratio of 3.88 and a beta of 0.95. VICI Properties Inc. has a 52-week low of $27.08 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 released its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The firm had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.32%. VICI Properties’s dividend payout ratio is currently 67.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VICI shares. Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays reduced their price target on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus raised their price target on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties 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.