Fore Capital LLC bought a new stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 95,000 shares of the company's stock, valued at approximately $2,775,000. VICI Properties comprises about 1.1% of Fore Capital LLC's holdings, making the stock its 18th biggest position.
Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC acquired a new position in VICI Properties in the 4th quarter valued at $33,000. Whipplewood Advisors LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth $40,000. Continuum Advisory LLC grew its position in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after purchasing an additional 374 shares during the period. Finally, Cromwell Holdings LLC increased its stake in VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock valued at $61,000 after purchasing an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.
Analyst Upgrades and Downgrades
VICI has been the subject of several recent analyst reports. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial dropped their price target on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Mizuho decreased their price target on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus upped their price objective on VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.20.
View Our Latest Analysis on VICI
VICI Properties Stock Up 0.7 %
Shares of NYSE:VICI traded up $0.22 during mid-day trading on Monday, hitting $32.47. 7,985,484 shares of the company traded hands, compared to its average volume of 5,454,258. The firm's 50 day simple moving average is $30.51 and its 200 day simple moving average is $31.45. The firm has a market cap of $34.30 billion, a P/E ratio of 12.68, a PEG ratio of 3.88 and a beta of 0.94. 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 Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.
VICI Properties (NYSE:VICI - Get Free Report) last posted 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). The firm 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 analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties's payout ratio is 67.58%.
VICI Properties Profile
(
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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