Frank Rimerman Advisors LLC Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

Frank Rimerman Advisors LLC grew its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 77.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,846 shares of the company's stock after purchasing an additional 17,791 shares during the quarter. Frank Rimerman Advisors LLC's holdings in VICI Properties were worth $1,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VICI. D.A. Davidson & CO. grew its holdings in shares of VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock valued at $321,000 after purchasing an additional 340 shares during the period. Carret Asset Management LLC grew its stake in shares of VICI Properties by 0.5% in the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock valued at $2,034,000 after buying an additional 354 shares during the period. Sheaff Brock Investment Advisors LLC increased its holdings in shares of VICI Properties by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after buying an additional 372 shares during the last quarter. Continuum Advisory LLC raised its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after buying an additional 374 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of VICI Properties by 3.3% during the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock valued at $357,000 after buying an additional 391 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

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VICI Properties Stock Up 0.2 %

Shares of VICI traded up $0.05 during midday trading on Thursday, reaching $32.00. The stock had a trading volume of 6,805,490 shares, compared to its average volume of 7,190,140. The company has a market cap of $33.80 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 3.88 and a beta of 0.94. The company's fifty day simple moving average is $30.71 and its two-hundred day simple moving average is $31.45. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 5.41%. The ex-dividend date is Thursday, March 20th. VICI Properties's payout ratio is 67.58%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VICI shares. Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial cut their price target 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. Stifel Nicolaus raised their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, JMP Securities restated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Three equities research 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, VICI Properties presently has a consensus rating of "Moderate Buy" and an average target price of $34.20.

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.