CreativeOne Wealth LLC increased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,203 shares of the company's stock after purchasing an additional 11,628 shares during the quarter. CreativeOne Wealth LLC's holdings in VICI Properties were worth $2,547,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in shares of 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 last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties in the fourth quarter valued at $33,000. Whipplewood Advisors LLC purchased a new position in shares of VICI Properties during the fourth quarter worth about $40,000. Cromwell Holdings LLC increased its position in shares of VICI Properties by 31.3% during the fourth 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. Finally, Promus Capital LLC purchased a new stake in shares of VICI Properties in the 4th quarter valued at about $63,000. 97.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have commented on VICI. Truist Financial cut their price target 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. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Stifel Nicolaus lifted 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. Barclays upped 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 boosted their price target on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and an average price target of $34.63.
Read Our Latest Stock Analysis on VICI
VICI Properties Price Performance
Shares of VICI traded up $0.48 during mid-day trading on Tuesday, hitting $32.07. The company's stock had a trading volume of 6,219,617 shares, compared to its average volume of 6,007,085. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The firm has a market capitalization of $33.88 billion, a P/E ratio of 12.53, a P/E/G ratio of 3.88 and a beta of 0.70. The firm has a 50-day simple moving average of $31.47 and a 200 day simple moving average of $31.15.
VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. Analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.40%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is currently 67.58%.
VICI Properties Profile
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Free Report)
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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