Burling Wealth Partners LLC Buys Shares of 96,538 VICI Properties Inc. (NYSE:VICI)

Burling Wealth Partners LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 96,538 shares of the company's stock, valued at approximately $2,820,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Transce3nd LLC acquired a new position in VICI Properties during the 4th quarter worth $28,000. Venturi Wealth Management LLC raised its holdings in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties during the 4th quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties in the fourth quarter valued at $40,000. Finally, Cromwell Holdings LLC raised its stake in VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock valued at $61,000 after buying an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of VICI opened at $32.74 on Thursday. 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 52-week low of $27.53 and a 52-week high of $34.29. The company has a 50-day simple moving average of $31.76 and a 200-day simple moving average of $31.15. The company has a market capitalization of $34.60 billion, a PE ratio of 12.79, a P/E/G ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The firm had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.28%. VICI Properties's dividend payout ratio (DPR) is currently 67.58%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial boosted their target price on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. 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 $34.00 to $34.25 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.93.

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.

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