Edgestream Partners L.P. acquired a new position in VICI Properties Inc. (NYSE:VICI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 54,293 shares of the company's stock, valued at approximately $1,586,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC grew its position in shares of VICI Properties by 7.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 32,634 shares of the company's stock valued at $967,000 after acquiring an additional 2,232 shares during the period. Callan Family Office LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at approximately $213,000. Promus Capital LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at approximately $63,000. Arizona State Retirement System lifted its stake in shares of VICI Properties by 1.8% during the 4th quarter. Arizona State Retirement System now owns 304,153 shares of the company's stock valued at $8,884,000 after buying an additional 5,283 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at approximately $1,389,000. 97.71% of the stock is owned by institutional investors.
VICI Properties Price Performance
Shares of NYSE:VICI traded down $0.56 during trading on Thursday, reaching $31.53. The company had a trading volume of 10,462,047 shares, compared to its average volume of 5,505,906. 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 12 month low of $27.08 and a 12 month high of $34.29. The company has a fifty day moving average of $30.41 and a two-hundred day moving average of $31.48. The stock has a market capitalization of $33.30 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.
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 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 business had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties's dividend payout ratio is currently 67.58%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on VICI shares. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Truist Financial lowered their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. JMP Securities reiterated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Mizuho lowered their target price on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $34.20.
Check Out Our Latest Stock Report on VICI
About VICI Properties
(
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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