Cerity Partners LLC Boosts Position in VICI Properties Inc. (NYSE:VICI)

Cerity Partners LLC raised its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 430,920 shares of the company's stock after buying an additional 31,616 shares during the quarter. Cerity Partners LLC's holdings in VICI Properties were worth $12,791,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VICI. FMR LLC grew its holdings in shares of VICI Properties by 8.6% in the fourth quarter. FMR LLC now owns 3,678,416 shares of the company's stock valued at $107,447,000 after purchasing an additional 292,280 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of VICI Properties by 12.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 24,896 shares of the company's stock worth $727,000 after purchasing an additional 2,708 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of VICI Properties by 8.4% during the 4th quarter. Quadrant Capital Group LLC now owns 8,107 shares of the company's stock worth $237,000 after acquiring an additional 629 shares in the last quarter. Hurley Capital LLC acquired a new position in VICI Properties in the fourth quarter valued at approximately $192,000. Finally, Envestnet Asset Management Inc. grew its position in shares of VICI Properties by 2.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,166,581 shares of the company's stock valued at $238,546,000 after buying an additional 214,565 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VICI shares. Truist Financial dropped their price target on VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company boosted 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. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Barclays increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, Mizuho lifted their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, VICI Properties currently has an average rating of "Moderate Buy" and a consensus price target of $34.63.

VICI Properties Trading Up 1.9 %

Shares of NYSE VICI traded up $0.59 on Monday, reaching $31.64. 1,832,035 shares of the company traded hands, compared to its average volume of 5,975,452. The stock has a market capitalization of $33.43 billion, a PE ratio of 12.36, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $31.40 and a 200 day moving average of $31.16.

VICI Properties (NYSE:VICI - Get Free Report) last issued 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 company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is currently 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.