Greenland Capital Management LP Takes Position in VICI Properties Inc. (NYSE:VICI)

Greenland Capital Management LP bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,000 shares of the company's stock, valued at approximately $1,081,000.

A number of other large investors have also recently added to or reduced their stakes in VICI. Venturi Wealth Management LLC raised its holdings in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the fourth quarter valued at approximately $33,000. Whipplewood Advisors LLC purchased a new stake in shares of VICI Properties in the 4th quarter valued at approximately $40,000. Continuum Advisory LLC boosted its stake in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after purchasing an additional 374 shares during the period. Finally, Cromwell Holdings LLC grew its position in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after purchasing an additional 494 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VICI. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities restated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. Truist Financial decreased their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Three equities 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, VICI Properties currently has a consensus rating of "Moderate Buy" and an average target price of $34.63.

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VICI Properties Trading Up 3.3 %

Shares of VICI Properties stock traded up $0.99 during trading on Friday, hitting $31.07. 11,212,760 shares of the company were exchanged, compared to its average volume of 5,986,466. The firm has a market capitalization of $32.83 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The firm's fifty day moving average price is $31.40 and its 200 day moving average price is $31.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share 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 company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. As a group, sell-side analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal 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 dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.57%. 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.