Abacus Planning Group Inc. Takes Position in VICI Properties Inc. (NYSE:VICI)

Abacus Planning Group Inc. acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,621 shares of the company's stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VICI. Venturi Wealth Management LLC boosted its position in shares of 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 bought a new position in VICI Properties during the fourth quarter worth about $33,000. Continuum Advisory LLC grew its stake in 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 acquiring an additional 374 shares during the period. Quent Capital LLC raised its position in shares of VICI Properties by 27.1% during the fourth quarter. Quent Capital LLC now owns 2,194 shares of the company's stock worth $64,000 after purchasing an additional 468 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in shares of VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock worth $65,000 after purchasing an additional 1,630 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of NYSE VICI traded up $0.49 during mid-day trading on Friday, hitting $31.25. 4,696,799 shares of the stock traded hands, compared to its average volume of 6,237,483. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The firm has a 50 day simple moving average of $29.59 and a two-hundred day simple moving average of $31.43. 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 company has a market cap of $32.94 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 3.85 and a beta of 0.95.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business 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 73.90% and a return on equity of 10.80%. As a group, equities research analysts forecast that VICI Properties Inc. will post 2.26 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.54%. The ex-dividend date was Tuesday, December 17th. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays lowered their target price on VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Mizuho cut their price objective on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price target on VICI Properties from $33.75 to $34.00 and gave the company a "buy" rating in a research note on Friday. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Finally, Truist Financial dropped their target price on VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.20.

VICI Properties Company 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.