Envestnet Asset Management Inc. Buys 214,565 Shares of VICI Properties Inc. (NYSE:VICI)

Envestnet Asset Management Inc. increased its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,166,581 shares of the company's stock after purchasing an additional 214,565 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.77% of VICI Properties worth $238,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of VICI. Walleye Capital LLC purchased a new stake in VICI Properties during the third quarter worth approximately $717,000. Captrust Financial Advisors lifted its holdings in VICI Properties by 4.6% during the 3rd quarter. Captrust Financial Advisors now owns 34,861 shares of the company's stock worth $1,161,000 after buying an additional 1,533 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of VICI Properties during the third quarter worth $409,000. Integrated Wealth Concepts LLC raised its position in shares of VICI Properties by 138.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 38,123 shares of the company's stock worth $1,270,000 after purchasing an additional 22,119 shares during the period. Finally, IHT Wealth Management LLC bought a new stake in VICI Properties in the third quarter valued at $223,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Price Performance

Shares of VICI stock traded down $0.93 on Thursday, reaching $29.87. The company had a trading volume of 3,162,047 shares, compared to its average volume of 5,965,809. The business's 50-day moving average is $31.37 and its 200 day moving average is $31.20. The stock has a market capitalization of $31.56 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. 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 one year low of $27.08 and a one year high of $34.29.

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VICI Properties (NYSE:VICI - Get Free Report) last announced 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 return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. Equities research analysts forecast 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. Shareholders of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.79%. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.

Analysts Set New Price Targets

A number of research analysts have issued reports on VICI shares. Mizuho boosted their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Truist Financial decreased their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Finally, Stifel Nicolaus upped their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, VICI Properties presently has an average rating of "Moderate Buy" and a consensus price target of $34.63.

VICI Properties 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.