Corient Private Wealth LLC Purchases 45,080 Shares of VICI Properties Inc. (NYSE:VICI)

Corient Private Wealth LLC grew its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 28.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,410 shares of the company's stock after acquiring an additional 45,080 shares during the quarter. Corient Private Wealth LLC's holdings in VICI Properties were worth $5,964,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Venturi Wealth Management LLC increased its stake 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 purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of VICI Properties during the fourth quarter worth $33,000. Whipplewood Advisors LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth $40,000. Continuum Advisory LLC lifted its position in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after acquiring an additional 374 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in VICI Properties by 512.6% in the 3rd 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. Institutional investors and hedge funds own 97.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on VICI shares. Mizuho cut their price target on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. JMP Securities reissued a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Barclays increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Finally, KeyCorp restated a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.20.

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VICI Properties Stock Performance

Shares of VICI stock traded up $0.28 on Wednesday, hitting $31.92. The company's stock had a trading volume of 4,999,133 shares, compared to its average volume of 5,553,775. 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 market capitalization of $33.73 billion, a PE ratio of 12.47, a PEG ratio of 3.88 and a beta of 0.94. The stock's 50 day moving average is $30.96 and its 200-day moving average is $31.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

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

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties's dividend 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.